Property: Address:

4 bedrooms 515 Peace Dr

2.5 baths Poinciana, FL 34759
2086 sq ft
2 car garage
Built in 2005

Listed At: $72,900

Last Sold: $257,000
needs paint carpeting and fix up
Property Description:
Beautiful 4 BR, 2.5 BA, two story, 2 car garage home in Poinciana. Home is on an oversized lot
with conservation view. Home features a formal dining room and a family room/kitchen combo.
Kitchen features a separate dinette and all built-in appliances. Interior paint and carpets are in
good condition. Master bedroom is on the main floor and features it's own sliders to the rear
patio. Master bath features dual sinks, a garden tub and separate shower stall. Upstairs
features 3 BR's and a large full bath. This one won't last. Hurry! CIty of Poinciana ($ 60,000 -
$100,000) is farther south of Orlando than Kissimmee – Poinciana had few investors because at
that time no loans for investors and there were great loans for owner occupied people... now
investors are able to buy for $35-$45 a sq ft!!! (Poinciana).Poinciana was the first area to take a
dive in Central Florida because the buyers all had 100% interest only loans- mostly owner
occupied; that is why rents are high - people still want to stay in the area where they live! They
work there and their children go to school there... it is an investors paradise.

30 % Down cash
5.5% Fixed
Loan Amount $ 54,675
Principal & Inter $ 310
Property Taxes $ 100 $ 100
Insurance $ 60 $ 60
HOA $ 20 $ 20
Management Fe $ 80 $ 80
Total Payment $ 570 $ 260

RENT RANGE Cash Flow+ Cash Flow+

$ 800 $ 230 $ 540
$ 950 $ 380 $ 690
All information is deemed to be reliable but is not guaranteed. Buyer must confirm all
information to their satisfaction. Lender owned properties are sold in AS-IS condition with no
warranties, Seller Disclosure Statement and no Insurance Claim Report. Buyer is advised to
have all inspections necessary to satisfy themselves as to the actual condition of the property.
Most lender owned properties will require some repairs and cleaning. On some cases the Buyer
must prequalify with the Seller's lender but are not required to use that lender. All lenders
require that their chosen Title Company be used to close escrow. The Buyer must prequalify
with a lender prior to submitting an offer to buy a lender owned property. Landscaped front &
back. This property is protected by Rural Metro Fire dept, the fee is included in the association
fee.
Repairs after close:, Full paint, general cleaning. small backyard needs landscape, appliances.
Some additional repairs may be required after the home inspection.
All properties are subject to a Buyer Broker Fee of $1,950. Buyer must sign a Buyer Broker
Agreement with any offer made. Buyer is aware that the Realtor may also receive compensation
from the seller.