quick analysis

[Christian Lincoln]

What do you math--numbers--oriented peeps think about this deal. Assuming the sale price is okay.  Owner-held mortgage.  3 units I can alternate between AirBnb and/or longterm rental (probably averaging 2,400 rent roll first 2 years - long term tenants -, then after some reno, and new turnover, Bnb, averaging about 6-8,000 month, really) because it's located in a place short on hotels and BnB's in a very popular town. My gut tells me he's making up for lower sale price with interest rate, so that's where I need to haggle. Thank you in advance.

Sale Price : $ 284,000.00

Down Payment : $ 64,000.00

Mortgage Amount $220,000.00

Mortgage Terms 4.9%, 15 Years, Balloon payment after 5 years

Monthly Payment : $ 1,728.00 Automatic direct deposit. You pick monthly due date. Penalties for Late payment.

Ballon payment after 5 years : $ 116320.00 (220000 - (1728 * 60 payments))

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