2.9% ORLANDO SUBTO | ONLY $705 PITI | FURNISHED 3/2 | TURNKEY RENTAL SETUP

PROPERTY DETAILS

• Address: 1815 Larkin Ave, Orlando, FL 32812
• Beds: 3
• Baths: 2
• Living Area: 1,023 sqft
• Year Built: 1949
• Property Type: Single Family Residence
• HOA: No HOA
• Multi-Unit: No
• Furnished: Yes
• Pool: No
• Lot Size: Approximately 6,926 sqft

PRICING

• Entry Fee: $59,500 + CC + TC
• Purchase Price: $64,500

SUBTO FINANCING

• Mortgage Balance: $280,500
• Interest Rate: 2.90%
• PITI: $705 / Month
• Total Monthly Payment: $705
• Balloon: Negotiable

PROPERTY CONDITION

Condition: Move-in ready with updated interior.

Roof: New roof installed May 2024.

HVAC: Central A/C with a recently updated air-conditioning system.

Lot: Approximately 6,926 sqft with a large backyard.

Interior: Functional 3-bedroom / 2-bath layout with spacious bedrooms and common living areas.

RENTAL POTENTIAL

• Estimated Average LTR: $2,630 / Month
• Estimated Average STR: $3,208 / Month
• Estimated LTR Spread Over PITI: $1,925 / Month before operating expenses
• Estimated STR Spread Over PITI: $2,503 / Month before operating expenses

INVESTMENT HIGHLIGHTS

Fully furnished.

Furniture included in the purchase price.

Turnkey rental setup.

3 Bed / 2 Bath configuration.

Newer roof.

Updated A/C.

Large backyard.

No HOA.

Assume the existing 2.90% note with no new bank qualifying.

$280,500 existing mortgage balance.

Only $705/month PITI.

Balloon is negotiable.

CONTACT

• Mike Graham
• NexKey Collective