434 NW 3rd Ter

🔥 SUBJECT-TO OPPORTUNITY 🔥

📍 Cape Coral, FL 33993

💰 Purchase Price: $489,000

Financing

☑️ Existing Mortgage (Subject-To)

* Mortgage Balance: ~$399,000
* Interest Rate: 3.125%
* Monthly PITI: ~$2,800

Deal Structure

* Entry Fee: $30,000 + Closing Costs
* Balloon Mortgage: $59,000
* Balloon Term: 5 Years

* Lease Option available

Property

🏡 3 Bedrooms
🛁 2 Bathrooms
📐 1,830 Sq. Ft.
🌳 10,018 Sq. Ft. Lot
🚗 2-Car Garage
🏗 Built in 2021

Investment Highlights

✔️ Existing mortgage at just 3.125%
✔️ Current tenant paying $2,900/month
✔️ Opportunity to convert the living room and garage into additional bedrooms (subject to buyer verification and local permitting requirements)
✔️ Strong potential for a room-by-room rental strategy
✔️ Large 10,018 sq. ft. lot
✔️ No HOA
✔️ Flexible financing structure