All Forum Posts by: Cliff Durrett

sent you an email

This house can be a 5 or even 6 if you wanted it to be.

PM me for address, no tire kickers please

SFR Seminole, FL 33776

Offered at $ 499,000    Cash buyers only please

Single Family Residence 4 Bedroom - 2 Bathrooms - 2189 sqft.

Block/Stucco - Built in 1968

Pool 

Lot: 88 x 112

No HOA No Flood / NO Evacuation Zone Ample Parking

Rehab Level Will Depend on Exit strategy

Title done and must close with my atty BEFORE Oct 4th

Average Retail Per SQFT Sold Price: $343

Projected ARV 2189 sqft x $343/sqft = $750,827

9484 133rd Street, Seminole - 4/2 - 2095 - sqft. - Pool - Full Rehab - Sold 9/13/24 for $765,00 ($365/sqft)

9414 Laura Anne Dr, Seminole - 4/2/1 - 2092 sqft. - Pool - Full Rehab - Sold 6/21/24 for $695,000 ($332/sqft)

10211 135th Street, Largo - 3/2 - 1906 sqft. - Pool - Full Rehab - Sold 4/25/24 for $640,000 ($335/sqft)

9753 136th Street, Seminole - 4/2 - 2197 sqft. - Pool - Full Rehab - Pending for $750,000 ($341/sqft)

AirDNA says same value at 67% occupancy would earn $115k (as a 4/2)

Thanks Tom, buying at the FC auction isnt an option

The first is only slightly more than the 2nd and it will be bid way over that amount.

Trying to help the lady get something via a SS

its in Florida

Fannie still owns it, at lease according to Mr Cooper

They have been horrible (Cooper) on this loan. Was doing a short on it before and they gave payoffs of double the amount owed, cancelled the mtg once, reinstated it 6 mos later, and showed on her statement that the "lender paid expenses" in one year were $999k! Then they said she had $300k in escrow, so sent her $10k?, then cancelled the check (she didnt deposit it anyway, knew better). And thats not all. 

So the first is in FC, sale in 60 days. Trying to get the 2nd some money, but they say no, its been charged off. Maybe they used the $999k as the charge off amount and dont want to bring the acct back into the light?

Really strange. Also, just had a law firm file a notice of appearance on Fannie/Coopers behalf, but they filed no response.

Thoughts anyone?

PM me your email address

I own an NPL in SC, if youre a direct buyer contact me for data sheet and NDA

This was originally a bank loan, not private or owner financed

Thanks

Handyman special, must sell

Contact me for details, no lowball offers considered

Not sure where to post this, so if needs to be reposted somewhere else, please let me know

I am trying to determine the value of a property as a STR

Using the online services, it comes out to an income of $110k+ at 67% occupancy

Of course that must be net, so what does Abnb etc charge, whats the expected net?

Then what do most STR owners shoot for cap wise?

A smaller house on the same block sold as a STR this year for $640k, is smaller sf, half the size pool and smaller yard.

Trying to put a number to this property, thoughts?

Thanks