Bed: 3 Bath: 2 SqFt: 1410
ARV: $220k Repairs: $3-5k Rent: $1,475/mo
$170,000+cc (Subject To Deal)
Turn Key Off Market Subject To Deal in Sanford Off Lake Mary Blvd. Get into this property with less than 40% Down and make it a nice Buy & Hold for your rental portfolio. This 3 bedroom 2 bath block home was built in 1980 and offers 1,410 sqft of living space with a BRAND NEW ROOF, updated kitchen, a 2 car garage, and a huge backyard. The current tenants take great care of the property, they have been there 7 years and want to stay, they will pay $1,475/mo. Tenants are requesting to retile the showers in both bathrooms and for a new fridge. Property has a Federal Pacific Panel and will need to be switched out. AC unit was replaced in 2012.
The terms of this deal are as follows:
- $63,500 Cash, Take Over Balance not to Exceed $106,150 Subject To.
- 1st Mortgage – Balance $56,741, Payments $736.28 (PITI), 5.875%, 15 Years 8 Months left from 30 Year Loan.
- 2nd Mortgage – Balance $49,409, Payments $383.97, 4.99%, 15 Years 6 Months left from 20 Year Loan.