👀 SUBJECT-TO 🏘️Low Entry 💰High Cash Flow 💸PENSACOLA💎

Description

☑️ PROPERTY TYPE: SINGLE FAMILY
SUBJECT-TO DETAILS & TERMS:

Interest Rate: 5.750%

Remaining Loan Balance: ~$132,662

Monthly PITI: $1,047.10

Could Rent for: $1,400- 1,850/ month (*GREAT CASH FLOW POTENTIAL!)

(Principal $152.15 + Interest $635.67 + Escrow (Taxes and Insurance) $259.28 )

Escrow Balance: $1,814.91

Mortgage is up to date through New American Funding

Loan Type: VA

Maturity Date: 01/2053

Buyer pays all closing costs

Recent Mortgage Statement available upon request

TOTAL STARTING PURCHASE PRICE: ~$157,662 + closing costs

PROPERTY DETAILS:

3 Bed / 1.5 Bath

1,492 sqft of living space

Lot size 8,015 sqft

Built in 1959

OWNER OCCUPIED – Walkthrough by appointment – Call/Text Kati to book walkthrough: 805-750-3196

Driveway

Single Story

No HOA

New toilets and sinks in both bathrooms!!!

Newly installed AC!!!!

Garage converted to extra room

Built a new fence

7/10 nearest school grading!!!!!

15 min to Downtown Pensacola

Located near US-29 and US-90

Located near hospitals, schools, restaurants, shops, and parks!

COSMETIC FIXER – REPAIRS NEEDED – Tiles are a bit outdated, can use new doors, cosmetic updates, EASY RENT READY ASAP!

Seller motivation: Relocating

☑️ COMPS
Flip Comp – We are 244 sqft larger

3 bd 2 ba 1,248 sqft 1959 built

4514 Guerlain Way, Pensacola, FL 32505

Sold: $185,000 Sold on 03/07/24

$148/sqft= 220,816

Flip Comp- We are 135 sqft larger

3 bd 2 ba 1,357 sqft 1959 built

4518 Guerlain Way, Pensacola, FL 32505

Sold: $197,000 Sold on 03/05/24

$145/sqft=216,340

Near ARV- We are 493 sqft larger!!!

3 bd 1 ba 999 sqft 1960 built

4537 Havre Way, Pensacola, FL 32505

Sold: $169,900Sold on 04/01/24

$170/sqft= 253,640

Rental Comp- Near ARV

$1,450/mo 3 bd 2 ba 1,844 sqft 1959 built

4504 Guerlain Way #2, Pensacola, FL 32505

☑️ EXIT STRATEGY
Could Rent For: $1,400-1,850+/month

COSMETIC Fixer to flip and resell