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Subject ToSingle Family

๐Ÿ˜ BEAUTIFUL SUBTO ๐Ÿ˜ in WILMINGTON NC ๐Ÿ“ Near CAROLINA BEACH ๐Ÿ–๏ธ VACATION STYLE HOME, TURNKEY ๐Ÿ”‘ No Credit Check Needed!! ๐Ÿšซ

Wilmington, North Carolina

๐Ÿšจ CRAZY CASHFLOW ALERT ๐Ÿšจ Turnkey subto opportunity in Wilmington, NC near Carolina Beach in a high-demand rental area. This property has NO repairs needed - fully rent-ready and positioned for immediate cash flow with ANY exit strategy! Get ready to generate strong returns through long-term rental, short-term rental or Section 8 from day one!! PROPERTY DETAILS ๐Ÿ‘‰ 3 br ๐Ÿ‘‰ 2 baย  ๐Ÿ‘‰ 1254 sq ft ๐Ÿ‘‰ 1995 build ๐Ÿ‘‰ .52 Acre Lot ๐Ÿ‘‰ $13/month HOA โœจ TURN KEY DEAL BREAKDOWN ๐Ÿ”ฅ Deal type: Subto ๐Ÿ”ฅ $12.5k down + CC ๐Ÿ”ฅ 6.8% interest rate ๐Ÿ”ฅ $2310.81 PITI (Buyer responsible for Aug Pmt) ๐Ÿ”ฅ $271k loan balance ๐Ÿ”ฅ $91k HUD partial claim, no payments due ๐Ÿ”ฅ $35k solar lien, in collections w no pmt due ๐Ÿ”ฅ $409.5k purchase price ๐Ÿ‘ No prepayment penalty ๐ŸŽˆ No balloon **Property is in an active loan modification trial plan and terms are subject to change OPPORTUNITY: ๐Ÿ’ธ LTR: $2490/month via RentCast ๐Ÿ’ธ STR: $3750-$4250/month via Awning ๐Ÿ’ธ MTR: $3800-$5500/month via FurnishedFinder ๐Ÿ’ธ Section 8: $2178/month via Small Area FMR ($2319 w/4th Bedroom) ๐Ÿ’ธ Co-living: $275-$325/room/week ๐Ÿ“ See mortgage statement in 'Documents' below Deals this clean do not last!! ๐Ÿ’ช Step into an INSANE subto deal with low risk and multiple exits in a growing coastal market with serious demand. Perfect for investors looking to scale quickly with minimal effort. Act now - lock this up before it is GONE! First come first serve โ€ผ๏ธ ๐Ÿ“ž Call 770-758-5654 for more info ๐Ÿ“ž
3 Beds
2 Baths
1,254 Sqft
1995 Built

Deal breakdown

Entry fee / down
$12,500
Loan balance
$397,000
Interest rate
6.8%
Monthly PITI
$2,311

Property details

Property type
Single Family
Deal type
Subject To
Year built
1995
Square feet
1,254
Bedrooms
3
Bathrooms
2
Location
Wilmington, North Carolina
ARV
$417,000

Location

Approximate area - request the address for the exact location