🌟 32208 Jacksonville SUBTO Gem! Rare River Front Brick Home with Huge Potential! 🏡

Description

🏞️ Situated on Appian Way 🌊

🛏️ 4 Beds | 🛁 3 Baths | 🚗 Wide 2 Car Garage with Full Bath!
📏 2969 sqft Living Area | 🌳 1.13 Acres Lot

🌟 Property Highlights:

Don’t miss this rare opportunity to own a riverfront brick home with tremendous potential! 🌟
Spacious 4 beds, 3 baths home boasting 2969 sqft of living space on a vast 1.13 acres lot. 🏠
Features include an updated kitchen & baths, newer tile throughout, and a roof just 10 years old. 🛠️
Enjoy the convenience of solar panels, saving on electricity bills and adding eco-friendliness to your home. ☀️
With a medium rehab level and an ARV of $550,000, this property offers an excellent opportunity for flipping or subto investment strategies. 💰
💼 Subto Investment Details:

Subject to a current mortgage of 200K, and a 53K solar loan. Monthly PITI + Solar $2,547.

Option 1: Fix and flip for $550,000+ or more.
Utilize Sub-To loan as a bridge loan.
Enjoy low monthly payments, decreasing principal.
Transfer the Solar loan to the end buyer.
Potential gross equity of $215,000.
Option 2: Fix and sell with seller finance.
Sell for $550,000 with a 25% down payment and 8% interest.
Monthly PITI payments of $3,436 with a 5-year balloon.
Cash-out most of your initial investment and enjoy positive cash flow of $1,100+.
High cash-on-cash return and equity gains in 5 years.