Gulf Coast Coast Off Market PropertiesGulf Coast Coast Off Market Properties
Approx. 4.6 % blended rate between the existing 7.75 % first mortgage and the 0 % seller-finance second (with 6-year balloon on the equity portion).
20 % COC return including management fee & closing costs – No HOA!
🏡 Property Overview
Address: 3717 Mystic Street, Panama City FL 32408
Layout: 5 Bedrooms / 3 Bathrooms Size: ≈ 2,200 SF Year Built: 1974
Closing Date: On or before Nov 30 2025 EMD: $5,000
💰 Financials
Total Purchase Price: ≈ $704,936
Existing Mortgage (Subject-To): ≈ $378,936 @ 7.75 % PITI: $3,895.79 / mo
Seller Finance Note (2nd Position): $256,000 @ 0 % interest — No monthly payments, 6-year balloon on equity portion
Blended Interest Rate: ≈ 4.6 %
Total Entry Fee: ≈ $45K + closing & TC
HOA: None
STR Gross: $8,916 / mo (≈ $107K annual @ 56 % occupancy, Airdna)
📍 Location Highlights
Duplin Winery – 12 min
