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Updated over 6 years ago,
Seller Finance Deal Structure, Need your opinion!
C- Class Property Renting for $800 Per Month , SFR Property in decent shape needs minor repairs ( maybe 2-3K) - 60,00K Asking Price
Option 1: 25K Cash offer close within 7 days ( I can do a cash out refinance and pull all the money out)
Option 2: Seller Finance – Purchase Price 60K- 0 Down Payment, 30 year amortization, 15 Year Balloon ( Balloon Payment $34,685.10) @2% interest ($14,382 interest to be paid over time) 221.77 Payment per Month.
Option 3: Seller Finance- Purchase Price 40K- 5k Down Payment, 30 year amortization, 5 Year Balloon ( Balloon Payment $31,825.47) @ 4% interest ($6,682.00 interest to paid over time) 167.10 Payment Per Month
Option 4: Seller Finance- Purchase Price 30K- 10K Down Payment 30 year amortization, 3 Year Balloon Payment (Balloon Payment $19,176.22) @ 5% interest ($2,934.00 interest paid over time) 107.36 Payment Per Month
Will cash flow $400-500 with each option per month
what do you guys think? Is this a good deal structure?