West Palm Beach FL 💥 Subto with Multiple Exits in Prime Location

Description

💥 New Subto Property for Assignment in West Palm Beach, FL 💥

Multiple Exits – Prime Location – Cosmetic Rehab Subto Flip or High Monthly Cashflow as LTR/MTR

🏡 Property Overview:

Size: 1,592 Sqft

Year Built: 1985

Layout: 3 Bedrooms / 3 Bathrooms

Status: Owner Occupied, Vacant at close

Closing Date: On or Before March 5th, 2024

💸 Financial Highlights:

Total Entry Fee: 39.9k plus Closing and TC fee

Interest Rate: 7.25%

PITI: 2,159.15/month

HOA: 179/month (3 month minimum stay for rentals)

LTR Rates: 2700 – 3200/month

Outstanding Mortgage Balance: 270,838.45 (5-year Balloon)

Total Purchase Price: 310,738.45

ARV: 385k to 390k

EMD: 5k

🌴 Location Highlights:

Beach Access: 20 Mins to Public Beach

Downtown: 20 Mins to Downtown West Palm Beach

Airport: 10 Mins to Palm Beach International Airport

🚀 Investor’s Edge:

Flexible Financing: No banks, tax returns, or credit checks needed!

High Rental Demand: Desirable location with strong LTR rates