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Updated over 8 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Colorado Springs, CO
5
Votes |
16
Posts

Preforeclosure contracted Sub2-Is this a deal?

Account Closed
  • Real Estate Investor
  • Colorado Springs, CO
Posted

Hello BP. Well after a dedicated year I have a deal! Please help, any insight to the validity of deal would be much appreciated.

Subject to existing financing.

Cure of back payments: $30,523.54

Closing Cost : 600 (or less)

Outstanding Principle Balance: $ 237,355.83

Original Principle Balance: $245,113.00

Mortgage (PITI) $ 1175.89

Rentometer estimate: $1695-1700

Interest Rate: 2%

Type: VA 30 Yr Fixed

Rehab Cost : $7.5k-10k

( Realtor Comps)

Listing Price between $339,900 and $425,000

4 Bedrooms

4 Total Bathrooms

2,887 to 4,300 Square Feet

$92.92 to $124.66 per Square Foot

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