05/22/2024
**Subject too / Owner Financed Property ** Opportunity Available for one lucky person 🥳
South Florida, Loxahatchee Groves
Good for anyone that has the 20% down and a repair budget, but wants no new loany.
I hold title.
Going on the market soon, but I’d rather pass this one to someone I know or friend of a friend,, neighbor, coworker, someone looking for a good investment, a cat sitter of a friend, your barber, sister/brother or anyone really. (Did you think of anyone?)
This is actually a very good opportunity for someone that likes the area and house.
It took a marketing team and me personally a year and half of work to get clean title and loan structured.
3/2 Loxahatchee Groves. Small lot quarter acre
Needs roof or can make repairs, kitchen, flooring, HVAC, but bathrooms were updated a few years ago, electric updated not long ago, ceilings have been refinished with smooth finish.
Rough Numbers:
350-375k ask price
20% ish down payment
3-5% interest rate
Monthly payment $2,000 - $2,500. (PITI)
Rents for about 3k a month
Needs about 30-40k in work, could be less or could be more depending on what’s done to it.
Hard to find comps because mostly everything comes with more land and is selling for 550-600k to well over a million plus in the area.
You can also get new financing.
The fluctuations are based on the agreed upon terms, so thats why the ranges.
Oh it’s also good for anyone looking for a handyman special.
Serious inquiries. I will gladly pay a commission to a Buyers Agent.
