Subto Hybrid Deal in Orlando, FL 32835

$35,000

Beds

Baths

1,728

Sq ft

1989

Year built

$405K spread

About this property

Property Details

Address: 238 Lake Dr, Orlando, FL 32835
Bed/Bath: 5 Bed / 3 Bath
Square Footage: 1,728 sqft
Year Built: 1989
HOA Restrictions: No HOA
Multi-Unit: No

Features + Amenities

Furnished: No
Pool: No
Tenant Occupied: N/A
Monthly Rent: N/A
Est. Repairs: N/A

Financing Details

Entry Fee (6.8%): $30,000 + CC + TC
Purchase Price: $35,000
Subto Terms
Mortgage Balance: $385,340.22
Rate: 7%
PITI: $4,144
Seller Finance Terms
Seller Finance Amount: $24,659.78
Monthly Payment: $0
Rate: 0%
Balloon: 7 years

Monthly Payments

PITI: $4,144.00
Seller Finance: $0.00
Total Monthly: $4,144.00

Exit Scenarios

Est. Average LTR: $2,793
Est. Average STR: $4,817

Additional Details

Separate efficiency apartment
30-acre lot
Sell in as-is condition
Potential short-term rental opportunity
Roof installed in 2019

Property snapshot

Layout5 Bed / 3 Bath

Living area1,728 sq ft

Lot size11 sq ft

Year built1989

Property typeLand

CountyOrange County

Deal details

Asking price$35,000

ARV estimate$440,000

Spread (ARV − asking)$405,000

Brought to you by

Ms. Meriam Aberri

Miami Off-Market Deals

+1 (305) 762-9521 office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking

$35K

ARV est.

$440K

Spread

$405K

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