St Augustine, FL! 💥 Turnkey Subto Fully Furnished 2022 Build with Strong Cashflow

Description

💥 Fully Furnished Subto Hybrid in Saint Augustine, FL! 💥

10% Entry – Turnkey – No Balloon – Strong Cashflow – 2022 Build

🏠 Property Overview:

Size: 2102 Sqft

Lot Size: .21 acres

Year Built: 2022

Layout: 4 Bedrooms / 2.5 Bathrooms

HOA: 406/annually

Closing Date: On or Before May 24th, 2024

💰 Financials:

Total Entry Fee: 31,000 + closing & tc

Total Purchase Price: 442,658.23

Outstanding Mortgage Balance: 369,544.25

Interest Rate: 5.5%

PITI: 2,810.04

MTR Rates: 3,500 – 3,800/mo

STR Projection: +3600/mo ($43,946/annual – $172/night, 70% occupancy)

2nd Position Hud Lien: 29,113.98 (no monthly payments, backend of payoff)

Seller Finance Note: 13k (Principal only over 4 years, 1 payment of $3250 per year from COE)

EMD: 5k

🌴 Location Highlights:

Beach access: 20 min

UF Health Flagler Hospital: 15 min

Northeast Florida Regional Airport: 20 min

Jacksonville International Airport: 1 hour

Profitable Exits:

MTR/STR

Wrap

Policyholder Rental (temporary housing for displaced families)