4 beds 2 baths in Panama, FL

Discover a remarkable Subto opportunity in Panama City, FL, with this spacious 4-bedroom, 2-bathroom home. Built in 1965, this 2,342 square foot property is currently vacant and ready for immediate occupancy.

The total purchase price for this property is $250,000, with an underlying first mortgage balance of $223,000 at a favorable 3.75% interest rate. Additionally, there is a COVID forbearance amount of $27,000 at 0% interest, making this an attractive financial deal. The monthly PITI is $1,903, ensuring manageable ongoing costs.

The transaction requires an entry fee of $25,000, which includes 10% of the purchase price, $10,000 cash to the seller, $7,800 in arrears, and a $7,200 assignment fee. Closing and transaction coordinator costs will also apply. Secure this investment with a modest $1,000 earnest money deposit.

This property offers significant potential for investors looking to capitalize on a well-located asset in Panama City. Whether for rental income or long-term appreciation, this home presents a compelling addition to any real estate portfolio.

Details

Property ID
SPSP-18040

Bedrooms
4

Bathrooms
2

Property Size
2342

Year Built
1965

Entry Cost ($)
30001

APR (%)
3.75

PITI ($)
1903

Balance ($)
222998