1st loan is: $255,000 @ 1.1% ($598.92)
2nd loan is: $45,000 @ 2.45% ($299/month) (May come down on this)
Entry fee: $29,997 plus Closing & TC
Total about $330,000
Summary
Monster Cash Flow Seller Finance Deal in Pensacola, FL
Low Entry – Turnkey – 15% COC – Multiple Exits w/ Strong Cashflow
Property Overview:
Size: 2000 Sqft
Lot Size: 0.29 acres
Year Built: 1957
Layout: 4 Bedrooms / 2 Bathrooms
Roof: 2 years old
New Central AC System
HOA: None (No Rental Restrictions)
Status: Vacant on Lockbox
Closing Date: ASAP
Financials:
Total Entry Fee: 29,997 plus closing & tc
Total Purchase Price: approx 330,000
First Seller Finance: 255,000
First Seller Finance Interest: 1.1%
First Seller Finance Payment: 598.92
First Position Balloon July 1, 2032
Seller Finance: 45,000
Interest Rate: 2.45%
Seller Finance Payment: 299
Seller Finance Balloon: Sept 1, 2029
EMD: 5K
Profitable Exits:
LTR Rates: 1900-2000/month
2024 Section 8 Rent: 2167/month
STR Projection: 3783/month ($43,400/annually at 53% occupancy – $234/night)
Location Highlights:
Downtown Pensacola: 10 min
Pensacola Airport: 15 min
University of West Florida: 15 min
Naval Air Station: 15 min
Contact for More Information:
Jaclyn Pawulich
Disposition Manager
Call/text: 317-340-7464
jpawulich@joehomebuyer.com
WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD ” AS-IS” WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME – WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.