IHS – Perfect (SubTo) Investment Opportunity in Davenport FL

Description

Property Details:
4-Bedrooms, 2-Bathrooms, 2,000-SqFt, Built in 2021

Entry Fee: $65k + Closing Costs

Cash on Cash Return: 11-12%

Loan Terms:30 year

Principal: $554.21

Interest: $885.88

Escrow (Taxes & Insurance): $1,203.04

PITI: $2,643.13

HOA: None

Outstanding Principal Balance: $309,137.99

Interest Rate: 3.75%

Seller Carry: $0

MOVE IN READY 🙂
Modern 4-bedroom, 2-bathroom home with 2000 sqft of living space! Built in 2021, this property boasts sleek finishes and ample natural light. Perfect for families or investors looking for a ‘Penalty Box Wrap Buyer’, with plenty of room for growth.

Any Anticipated Additional Expenses:
*Buyer to pay all closing costs (Seller’s & Buyer’s).

Property and Neighborhood Highlight Features:
Highlight Feature 1: Updated move in ready property.

Highlight Feature 2: Premium Location in Davenport FL only 30mins from Disney’s Animimal Kingdom.

Highlight Feature 3: Located in a Premium Location in the community, close to shopping stores, schools & Hospital.

Highlight Feature 4: Perfect Short or Mid-Term Rental Location

Highlight Feature 5:

Comparable Properties Within a Radius of: 5-miles are Selling between: $356k – $400k
Comparables to Review:

Comparable 1: 1708 Buckeye Rd, 3-Beds/2-Baths/1,672-SqFt, Sold 09/26/23 for $356,990k

Comparable 2: 1720 Buckeye Rd, 4-Beds/2-Baths/1,828-SqFt, Sold 06/28/23 for $358,990k

Comparable 3: 217 Citrus Isle Loop, 4-Beds/3-Baths/1,1976-SqFt, Sold 10/30/23 for $390k

Comparable 4: 324 Alicante Ct, 3-Beds/2-Baths/1,864-SqFt, Sold 11/28/23 for $422k

Comparable 5: 388 Toledo Rd, 3-Beds/2-Baths/1,672-SqFt, Sold 11/21/23 for $460k

Estimated ARV Range (Low – High):
$360,000 – $400,000

Zillow Link:

https://bit.ly/41PfR91

Rabbu Link (STR):

Entry Fee:
$65,000 + Closing Costs