✌️ SUB2 | 7% Entry | No Credit Check 🌴

Description

📍 POINCIANA, FL
3 Bed | 2 Bath | 1,160 Sqft

Down Payment to Take Over Existing Loan:
💰$20,000 + Closing Costs + TC
(OBO)

FINANCIAL DETAILS:
PURCHASE “SUBJECT-TO” THE EXISTING MORTGAGE

What Buyer is taking over:
Remaining Mortgage: $270,384

Interest Rate: 5.625%

PITI: $2,102.18

HOA: $85/m

6 month rental restriction
Solar Panel: $200

Total Monthly: $2,387.18

COE:
February 8th

POTENTIAL EXITS:
👉 This deal would make an awesome opportunity for someone that may not be able to qualify to get their own financing!

Most suitable for a homestead buyer or someone who is looking at the long-term play.

Other cashflow strategies to entertain: Rent by room, or mid-term rental of 6months at a time

** Will not cashflow as long term rental!

We understand that this deal is not for most investors. We are just wanting to help the sellers in this situation.

Additional Considerations:
Solar will also be taken on Subject-To.

The remaining loan is: $43,675.64

** Home will also require ext painting per HOA