Landlord's Delight!
Cash Buyer or Owner Financing Available!
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ADDRESS:
2704 E Main St
Mims, FL 32754
DETAILS:
3 Bed, 1 Bath
864 Sq Ft
Wood Frame
Built in 1955
Currently vacant.
City Water/Septic
No code violations
Fully renovated! - No work needed!
- New roof
- New A/C
- New electrical
- New plumbing
- New septic/drain field
SUGGESTED CASH PRICE:
$117K + ALL closing costs
ARV:
$150-160K+ in our humble opinion ;)
RENTAL COMPS:
Was rented $1,125 (2022 Section 8)
2023 Rents for Section 8 are now $1297
FINANCING PRICE/TERMS:
$129K + ALL closing costs
15% Down minimum
3 points on mortgage
10% interests
Payments can be interests only, or amortized over 20/30/40 years
Interest only payment will be $913.75/m if 15% is put down.
Currently Taxes/Insurance is $150/m. Total PITI $1064/m.
If rented at $1297, you can cashflow $233/m.
Want bigger cashflow? Then put more down ;)
Balloon in 5 years
Buyer pays for ALL closing costs.
Taxes and Insurance are paid separately by Buyer.
CLOSING BY:
Within 30 days
REPAIRS NEEDED:
- None, maybe some cosmetic
PERMIT HISTORY:
- No permit history
Must be ALL CASH or
Hard Money
📲 CALL/TEXT
321-425-1632
321-425-1632
*Anyone interested in owner financing
is still subject to an approval process.