Close to the Florida Keys – Subject to under 3 percent built in 2006 – gated community

Description

🔥OPPORTUNITY🔥

Subject To 2.75% in Homestead FL — ((5yr term w/ appraisal extension clause))

35 minutes to Key Largo!

SFH | 5 bed / 3 bath | 2170 sqft / 4256 lot | 2006 Build | 2 CG

Down payment $50,000 includes money to buyer and assignment fee.

Subject to the existing mortgage

Mortgage $436K

Payment $2925/mo

VA loan

Interest rate 2.75%

HOA $105/mo

5 year balloon w/ 12 month extension if property doesn’t appraise at $466K

Rental Comps:

3624 NE 1st St – 4 bed / 2.5 bath | 2379 sqft – $3800/mo

3377 NE 4th St – 5 bed / 3 bath | 2196 sqft – $3500/mo

239 SE 31st Ter – 4 bed / 2.5 bath | 1762 sqft – $4100/mo

SOLD Comps:

394 NE 35th Ter – 4 bed / 3 bath | 1762 sqft | 2007 Build | sold $490K 12/23

3146 NE 3rd Dr – 5 bed / 3 bath | 2170 sqft | 2006 Build | sold $450K 8/23

384 NE 34th Ter – 4 bed / 3 bath | 1762 sqft | 2006 Build | sold $455K 8/23