ALTHA TWO-CABIN PROPERTY | 3 BED / 3 BATH | 2,652 SQFT | FURNISHED | NO HOA | SUBTO + SELLER FINANCE

Entry Fee: $118,960 + CC + TC

Purchase Price: $128,990

PROPERTY DETAILS

• Address: 13588 Shumans Ferry Rd, Altha, FL 32421
• Beds: 3
• Baths: 3
• Living Area: 2,652 sqft
• Year Built: 1994
• Property Configuration: Two Cabins
• Multi-Unit: 2 Units
• Furnished: Yes
• Pool: No
• HOA: None

FINANCING DETAILS

• Original Entry Fee: $106,960
• Marketed Entry Fee: $118,960 + CC + TC
• Purchase Price: $128,990

SUBTO TERMS

• Mortgage Balance: $396,000
• Interest Rate: 8.3%
• PITI: $4,220.58 / Month

SELLER FINANCE TERMS

• Seller Finance Amount: $64,040
• Interest Rate: 5%
• Balloon: 5 Years
• Seller Finance Monthly Payment: Not Provided

MONTHLY PAYMENTS

• PITI: $4,220.58
• Seller Finance Payment: Not Provided
• HOA: $0
• Current Stated Total Monthly: $4,220.58

Note: The actual total monthly obligation will be higher if monthly payments are required on the $64,040 seller-finance balance. This should be confirmed before marketing the total payment.

INCOME

• Current Annual Income: $75,000
• Current Average Gross Income: $6,250 / Month

RENTAL POTENTIAL

• Estimated LTR: $2,994 / Month
• Estimated STR: $3,583 / Month

ADDITIONAL DETAILS

• Two-Cabin Configuration
• Furnished
• No HOA
• Annual Taxes: $5,800 / Year
• Estimated Monthly Taxes: $484
• Annual Insurance: $6,100 / Year
• Estimated Monthly Insurance: $508
• 5-Year Balloon on Seller Financing

CONTACT

• Mike Graham
• NexKey Collective