TURNKEY FURNISHED ORLANDO SUBTO | RENOVATED 4/2 | $2,407 PITI | STR POTENTIAL

PROPERTY DETAILS

• Address: 2014 Newman St, Orlando, FL 32803
• Beds: 4
• Baths: 2
• Living Area: 1,334 sqft
• Year Built: 1948
• Property Type: Single Family Residence
• HOA: No HOA
• Multi-Unit: No
• Furnished: Yes
• Pool: No

PRICING

• Entry Fee: $96,235 + CC + TC
• Purchase Price: $101,235

SUBTO FINANCING

• Mortgage Balance: $488,665
• Interest Rate: 6.65%
• PITI: $2,407 / Month
• Balloon: Negotiable
• Total Monthly Payment: $2,407

PROPERTY CONDITION

Condition: Fully renovated, move-in ready, and turnkey.

Kitchen: Renovated with granite countertops and stainless-steel appliances.

Bathrooms: Remodeled with updated tile finishes.

Flooring: Hardwood flooring in the main living areas with porcelain/ceramic tile in wet areas.

HVAC: Central air and central heating.

Exterior: Spacious, fully fenced backyard on approximately 0.27 acres.

Laundry: Interior laundry.

Parking: Driveway.

The property is described as beautifully renovated in the current listing and shows modern interior upgrades throughout.

RENTAL POTENTIAL

• Estimated Average LTR: $2,755 / Month
• Estimated Average STR: $4,858 / Month
• LTR Spread Over PITI: $348 / Month before operating expenses
• STR Spread Over PITI: $2,451 / Month before operating expenses

INVESTMENT HIGHLIGHTS

Fully furnished.

Furniture included in the purchase price.

Turnkey short-term rental setup.

Move-in ready.

Fully renovated interior.

Assume the existing 6.65% mortgage with no new bank financing.

Only $2,407/month PITI on a $488,665 existing mortgage balance.

Balloon is negotiable.

Located near Downtown Orlando, Lake Eola, Thornton Park, and the Lake Como area, with convenient access to SR-408 and I-4.

CONTACT

• Mike Graham
• NexKey Collective