319B Memory Lane

SubTo Deal Available For Assignment - Furnishings Included

📍 319B Memory Lane, Panama City Beach, FL 32413

💰 SUBTO - 🏦 NO BANKS

DEAL TERMS: Hybrid Deal: Seller Finance & Subject To

💰 Purchase Price: $529,000

🗓️Entry Fee: (Includes: Cash to Seller, Assignment, TC) $52,900 (~10%) —
INCLUDING ALL FURNISHINGS & APPLIANCES

SUBJECT TO TERMS:

Mortgage Balance $313,000
Rate: 5.7%
PITI: $2,523 / month
No Balloon - Pay of Date 2052

Seller Finance Equity Terms:
Balance $216,000
Amortized: 15 years
Rate: 3.75%
PI: $1,570

Total Monthly: 4,093

Current Lease & Revenue:
Currently Leased to a person arbitraging the home @ $4,500 through May and $5,500 / month June - September 13, 2024. Arbitrage lease up 9/13/24. Furniture, Furnishings, and appliances will stay with the house and will be included in the sale.

Air B & B made $70,000 in 2023 ($5,800/month) - This was during a rough time and was going through several management companies. Host Financial Predicts a $93,000 revenue.

This West End home in Panama City Beach is perfect for a Short Term Rental Investor! It’s the perfect beach getaway with family and friends. Tucked in a cozy neighborhood. 30A and Pier Park are just a few miles from this location as well as 2 grocery stores, Target, Walmart, and many amazing restaurants for your group to enjoy. If you don’t feel like going out there is a large well-stocked kitchen to prepare meals as well as outdoor grilling and seating to enjoy in private. There is an outdoor shower to use as you make your way back from the beach, 2 beach chairs and a wagon are on site for you to use.

An open layout inside the home invites your crew to spend time together and socialize. Outfitted with stainless steel appliances, the well-equipped kitchen features everything you need to prepare your favorite recipes. Swap stories from the day while you dine between the five-person kitchen bar and the adjacent 10-person table. In the evenings, settle into the spacious living area and watch a movie.

WHAT’S NEARBY

Attraction Distance from home
M.B. Miller County Pier 10.3 Miles
Pirate’s Island Adventure Golf 12.6 Miles
Zooworld Zoological Park 12.7 Miles
Ripley’s Believe It Or Not! 13.0 Miles
Coconut Creek Family Fun Park 13.0 Miles
Todd Herendeen Theatre 13.2 Miles
Grayton Beach State Park 17.2 Miles
THINGS TO KNOW

Parking notes: Parking is available for two vehicles in the driveway and 1 in the garage
Security camera details: Ring doorbell facing garage

Interested parties please email proof of funds and letter of interest to carly@aurorainvests.com. Special interest is given to current SUBTO community members.

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NO WHOLESALERS - END BUYERS ONLY