3.7% SUB-TO LOCATED IN CENTRAL FLORIDA – OCALA, FL 34473

Description

Investment Property Located in OCALA, FL 34473

Entry Fee: $30,000

Outstanding Principal Balance: $157,334.03

Interest Rate: 3.75%

Monthly Mortgage Payments (PITI): $1,346.22

Property Condition:

20K: Needs New Carpet and Cosmetic Upgrades, No majors
Investment Potential:

Ideal for investors looking for a quick value-add property in a booming market, with built-in equity.
Projected Revenue:

Long Term Rental:
3-Bed Unit: $1,740 (Fair Market Rent)
Total Gross Income Annual: $20,880
Cash Flow: $400/month
NOI: $12,000/annually
Comparable Sales (COMPS):

2655 SW 145th Place Rd, Ocala, FL 34473 (sold $273,000)
2564 SW 145 Place Rd, Ocala, FL 34473 (sold $275,000)
2730 SW 145 Place Rd, Ocala, FL 34473 (sold $275,000)