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Updated over 6 years ago,

User Stats

4
Posts
0
Votes
Sarah London
  • Rental Property Investor
  • Cary, NC
0
Votes |
4
Posts

Seller financing, analyze this deal

Sarah London
  • Rental Property Investor
  • Cary, NC
Posted

List Price $185K

Seller wants to finance w/ only 10% down. 10 year amortization schedule and a 5 year payout at 4%.

The down payment is great but w/ a 10 year amort. schedule the monthly payment is thru the roof ($1686).

I'm buying this as a buy & hold and rents are at $1200/mo.

Thoughts?

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