4 Bed 2 Bath in Jacksonville, FL

NO BALLOON CASHFLOWING $500/MONTH IN JACKSONVILLE, FL

Seize this excellent investment opportunity in Jacksonville, FL, featuring a spacious 4-bedroom, 2-bathroom home with 2,457 square feet of living space, built in 1948. This property offers favorable terms with a low-interest rate and no balloon payment, making it an ideal addition to any investor’s portfolio.

Property Details:

• Location: Jacksonville, FL 32209
• Bedrooms: 4
• Bathrooms: 2
• Living Space: 2,457 sq ft
• Year Built: 1948
• Occupancy: Vacant

Terms:

• Purchase Price: $185,000
• Seller Carryback: $157,000
• Total Entry Fee: $38,000 + Closing Costs
  • Assignment Fee: $9,050
  • Transaction Coordinator Fee (TC): $950
  • Down Payment: $28,000
• PITI: $769.34/month
  • Principal & Interest (PI): $620.34
  • Taxes & Insurance (TI): $149
• Interest Rate: 2.5%
• Amortization Period: 30 years
• Balloon Payment: None
• Earnest Money Deposit (EMD): $1,500
• Closing Date: August 1, 2024
• Title Company: Cypress Ascendant Services

Rental Projections:

• Rent: $1,700/month

This property presents a strong cash-flowing opportunity with a monthly PITI of $769.34 and a rental income estimate of $1,700 per month. The low 2.5% interest rate on the seller carryback and the absence of a balloon payment ensure stable, long-term financing.

The home’s ample living space and four-bedroom layout make it highly desirable for families or multiple tenants. With a total entry fee of $38,000 plus closing costs, this investment offers minimal upfront costs and strong potential returns.

Secure this prime investment property in Jacksonville, FL, with a $1,500 earnest money deposit and prepare to capitalize on its rental income potential. The favorable financing terms and strong rental market make this a lucrative addition to any real estate portfolio.

Details

Property ID
SPSP-18661

Bedrooms
4

Bathrooms
2

Property Size
2457

Entry Cost ($)
38000

APR (%)
2.5

PITI ($)
771