💡NEW SUBTO Alert: – Brandon FL Condo 🏠

Description

803 Lake Haven Square, Unit 201, Brandon FL 33511
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!!!SUBTO DEAL!!! Great opportunity to take over a mortgage with a 4.99% interest rate. Well maintained 2 Bed 2 Bath condo settled in the Lake Front Community at Park Lake in Parson. Interior mostly original but with a little work can get it rent ready to cashflow with rent rates between $1750-$1800. Property will be sold vacant with clear title.

Terms and breakdown below:
Existing mortgage balance taken over subject to: $125,895.80
monthly PITI: $1,031.27
interest rate:4.99%
COA: $316/Month
maturity date: 5/5/2052

Money due at closing:
$50,000.00 (includes cash to seller + assignment fee)
Buyer pays all closing costs

Potential Rent Rate: $1,800.00

Asking Price: $50K

ARV: $200K