💎 TAKE OVER EXISTING 2.75% RATE | CREATIVE DEAL | DUVAL COUNTY | 4 BED, 3 BATH | 2021 BUILD 🔥

Description

🌴 JACKSONVILLE, FL 32256
4 BED | 3 BATH | 2,393 SqFt | 2021 Build

Cash to Close:
$54k + Closing Costs and TC
(Arrears, cash to Seller, Agent and Assignment)

Purchase “subject-to” the existing mortgage + Seller-Finance

✌️ Existing Loan:
Remaining Balance: $309,360
HUD Partial Claim in Silent 2nd Position (deferred balance): $14,700
Interest Rate: 2.75%
PITI: $2,167.35
Seller-Finance:
$35,000 at 0% interest
$300/m
3 year balloon on seller finance note ONLY
HOA:
(12 month minimum rental restriction)

$313/quarter

Monthly Total:
$2,572

Potential Exits:
HUDVASH: $3,040
LTR: $2,700 – $2,800
Wrap
Co-living
Homestead

All-In Price:
$413,060 + Closing Costs/TC

(Mortgage Balance, Seller-Finance, Cash to Close)

💰 Suggested Comp:
13777 Brookwater Drive sold for $479k on 06/24/24