708 N Flamingo Dr, Daytona Beach, FL 32117
2 beds · 1 baths · sqft
This beautifully reconfigured house in Dakota Park, offers an abundance of charm and flexibility. The front porch has been enclosed to create a cozy sitting room. The garage has been transformed into a spacious living room and the back porch has been enclosed to create a bright and airy Florida room. The kitchen stands out with its unique modern metal cabinets, blending style and functionality. This home features two comfortable bedrooms and one well-appointed bathroom. The remodeled rooms provide endless possibilities and can be repurposed to suit your needs, whether it's a home office, studio, or guest space. Upgrades include brand new roof, updated plumbing and electrical systems. The home boasts elegant oak floors throughout, adding warmth and character to each room. The large double gate into the backyard offers convenient access and can accommodate recreational vehicles. This versatile home is also an excellent investment opportunity, as it can be used as a vacation rental. Exciting Nearby Amenities and Activities in Daytona Beach This home is in the heart of all that Daytona Beach has to offer! Just a short drive away, you'll find the world-famous Daytona Beach, where you can drive on the sand, park, and enjoy a day in the sun, breeze, and surf. For racing enthusiasts, the renowned Daytona International Speedway is nearby, hosting a variety of NASCAR events throughout the year, including the iconic Daytona 500. This legendary venue attracts fans from all over the world, making it a hub of excitement and energy. Daytona Beach is a vibrant community with a calendar full of events that make it a fantastic place to live or own an investment property. Notable annual events include: Spring Break: A bustling time when the city comes alive with students and visitors enjoying the beach, nightlife, and various activities. Biketoberfest: This annual motorcycle rally draws bikers from across the country, featuring bike shows, live music, and scenic rides. Welcome to Rockville: North America's largest rock festival, bringing top rock and metal bands for an unforgettable music experience. World-Class Pickleball: The city boasts excellent pickleball courts and hosts prestigious tournaments, attracting players of all levels. In addition to these events, Daytona Beach offers a wealth of amenities and attractions, including: Shopping and Dining: From quaint boutiques and local eateries to major shopping centers and fine dining, there's something for everyone. Cultural Attractions: Visit the Daytona Beach Bandshell for live music, the Museum of Arts and Sciences, or the historic Ponce Inlet Lighthouse. Outdoor Activities: Enjoy fishing, boating, and water sports on the Intracoastal Waterway or take a scenic hike in nearby parks and nature reserves. Golf Courses: Play a round at one of the many beautiful golf courses in the area, catering to all skill levels. Family Fun: Daytona Lagoon offers water slides, go-karts, and mini-golf, while the Marine Science Center provides educational exhibits and rehabilitation for sea turtles and birds. Living in this home means being close to all these amenities and more, making it an ideal location for both a permanent residence and a vacation rental. Don't miss out on the opportunity to be part of this dynamic community. Contact us today to learn more about this fantastic property!
Source: BREVARDMLS #1019466
Source: BREVARDMLS #1019466
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #1019466
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