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Orange County · Orlando, FL 32835

Subto Hybrid Deal in Orlando, FL 32835

$35,000
5
Beds
3
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
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.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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M
Ms. Meriam
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