Take Over 4.5% SUB2 | TurnKey | 3 Bed, 2 Bath | New Smyrna Beach, FL 🌴

Description

📍 NEW SMYRNA BEACH, FL 32168
3 BED | 2 BATH | 1,697 SqFt | 2022 BUILD

Purchase “subject-to” the existing mortgage

✌️ Existing Loan:

Remaining Mortgage: $350,204

Interest Rate: 4.5%

PII: $1,941.71
** Currently tax exempt but PITI will go up about $300-400/m**

HOA: $50/m

Est. Monthly Total: $2,400/m

🎈 8 year Balloon

Potential Exits:

HOA: 7 month (min) rental restriction

Might be a better fit for a homestead, whole-tail, WRAP, Co-Living, etc., but please do your own due diligence as the buyer to determine the best strategy based on your expertise.

LTR Rate: ~$2,200 – $2,500

Location:

HOA Amenities: Nature trails | Coming soon: Community pool, Tot Lot and Pickleball Courts

~ 15 mins to Coronado Beach

~ 15 mins to New Smyrna Beach Downtown

~ 20 mins to Daytona Beach International Airport

COE: 3/15/2024

EMD:

$5,000 non-refundable