Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

40
Posts
34
Votes
Gabriel Tapang
Pro Member
  • Rental Property Investor
  • Wilsonville, OR
34
Votes |
40
Posts

Seller financed deal in Missouri

Gabriel Tapang
Pro Member
  • Rental Property Investor
  • Wilsonville, OR
Posted

DETAILS:

3 bed, 1 Bath, 1,345 Sq Ft
Seller-Financed @ 0% interest
ARV: $125,000
Price: $ 4,750
Monthly Payment: $177
Repair estimate: $50k
Down: $0
Market Rent: $975
Assignment Fee: $9,800


Photos:

I'm calculating this as 14.84% ROI, am I right ($9,576 / $64,550)? If the market rent of $975/month is accurate, then $975 - $177 = $798 monthly cash flow. If you had $64,550 cash on hand, would you purchase this, assuming the numbers are accurate, without a team onsite if this is out-of-state? What about if you had a good PM in the area? Seems like there is plenty of equity in it, but I'd imagine you would have to do your due diligence of the area (i.e. employers in the area, Class A/B/C neighborhood, population trends, etc.) before making a decision.
Would you guys buy this? Under what conditions would you go for it (or not)? Thanks!