104 Kara Lake Dr, Santa Rosa Beach, FL 32459, USA

2.99% Hybrid Creative Finance Deal | STR Allowed 104 Kara Lake Dr, Santa Rosa Beach, FL 3 Beds | 3 Baths | 1,654 Sq Ft | Built 2021 Located just minutes from the Gulf beaches, this property offers a rare opportunity to acquire a low-rate hybrid creative finance deal in one of Florida’s strongest rental and vacation markets. The property is located in a community that allows short-term rentals (STR/Airbnb) while also supporting strong long-term rental demand. The deal is structured as a Subject-To acquisition with a 2.99% fixed mortgage, paired with 0% seller financing, creating an extremely favorable financing position that is difficult to replicate in today’s market. Deal Highlights • 2.99% Fixed Mortgage (Subject-To) • 0% Seller Financing Carry • STR / Airbnb Allowed Community • Tenant in Place – Immediate Income • Minutes to Gulf Beaches • Hybrid Creative Finance Structure Investor Overview Purchase Price $439,000 Estimated Market Value ≈ $460,000+ Immediate Equity ≈ $21,000 Existing Mortgage (Subject-To) Balance: $322,991 Interest Rate: 2.99% Fixed Payment (PITI): ≈ $2,053.91 Seller Financing Carry Amount: $43,009 Interest: 0% Monthly Payment: $0 Balloon: 10 Years Entry Capital Total Entry: ~$58,000 Includes: • Down payment • Buyer fee • Estimated closing costs (~$7K–$10K) Tenant & Lease Information The property currently has a tenant in place through November 2026, providing immediate income from day one. Current Rent: $2,500/month The tenant has been great to work with and understands that rent is currently below market. They are aware that rent will need to be adjusted closer to market rates at renewal, or they will need to vacate at the end of the lease term. Estimated market long-term rent is approximately $3,000–$3,500 per month, creating a clear path to increased cash flow. Cash Flow Potential Current Tenant Scenario Rent: $2,500/mo Estimated Net Cash Flow: ~$446/mo Market Long-Term Rental Estimated Rent: $3,000 – $3,500/mo Projected Cash Flow: ~$946 – $1,446/mo Short-Term Rental Potential Estimated STR Gross Revenue: ~$6,100/mo Investment Summary This deal combines three powerful investor advantages: • Sub-3% financing that cannot be replicated today • 0% seller carry with no monthly payments • Multiple exit strategies (STR, LTR, or resale) Hybrid structures with 2.99% debt and 0% seller carry are extremely rare—especially in high-demand coastal markets like Santa Rosa Beach. This is a premium creative finance opportunity offering strong upside, flexible rental strategies, and long-term appreciation potential in one of Florida’s most desirable beach markets.