5BR Home in Orlando , FL

About This Property

Creative Finance + Opportunity | Orlando, FL | Separate Efficiency Unit | low down payment Deal Address:238 Lake Dr, Orlando, FL 32835 Property Overview 5 Bedrooms | 3 Bathrooms 1,728 Sq Ft Built in 1989 0.30-acre lot No HOA Roof replaced in 2019 Separate efficiency apartment Sold As-Is This property offers an excellent opportunity for investors looking to acquire a home using creative financing. It combines a Subject-To mortgage with seller financing, allowing you to control the property with a relatively low down payment cost. The separate efficiency apartment provides additional flexibility and can be used for extra rental income, a guest suite, or an in-law unit. Located in the Orlando market, the property also has strong short-term rental potential. Purchase Price $540,000 Estimated down payment Fee Approximately Contact for details (6.8%) plus closing costs and transaction costs. Creative Financing Structure Subject-To Mortgage Existing Loan Balance: Contact for details Interest Rate: 7% Monthly Contact for details Seller Financing Seller Carryback: Contact for details Interest Rate: 0% Monthly Payment: $0 Payment: 7 Years Estimated Monthly Obligation Subject-To Contact for details Seller Finance Payment: $0 Total Monthly Payment: Contact for details Exit Strategies Long-Term Rental (LTR) Estimated Monthly Rent:Contact for details Short-Term Rental (STR) Estimated Monthly Revenue:Contact for details Why This Deal Mary McConnicods Out Creative finance structure combining Subject-To financing and seller financing. low down payment cost compared to a conventional purchase. Separate efficiency apartment adds additional income potential. No HOA restrictions. Roof replaced in 2019. Large 0.30-acre lot. Strong opportunity for Airbnb, long-term rental, or house hacking by living in one portion while renting the other.

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