SUBTO DEAL FOR ASSIGNMENT
449 Jarama Cir, St Augustine, FL 32084
10-15 minutes away from multiple beaches
Bed: 5, Bath: 3
Sq Ft: 2,503 Built: 2022
Occupancy at close: Vacant
Remaining loan balance: $389,583.94, no balloon
Monthly PITI: $2,920.32
Interest rate: 5.63%
HOA: $42/mo, HOA allows for leases > 30 days
Exit strategies:
LTR: $2900 (house down the street with same floor plan rented for this here https://www.bexrealty.com/Florida/St-Augustine/517-Jarama-Cir/single-family-home/rental/)
MTR: $3500+
Doesn’t cashflow as an LTR.
Cash to close: $32,000, 7.6% entry fee (includes cash to seller, realtor, assignment, and TC) + CC