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Updated over 1 year ago, 06/27/2023
Subject -To Calculations
I need some help calculating a potential Subject-to deal. Here is the info I have so far... Sellers Loan Amount $500,000 They are currently asking $799,000 as the purchase price.
The property is a multifamily Quadplex currently fully rented at $4200 total with some leases ending soon and rents increasing to $4800 if fully leased out.
I am still doing due diligence on the PiTi loan payment, but the property was bought in 2020, so I assume they have a decent interest rate. My question is what else do I need to know to calculate this deal? And if I get it under contract how could i make this deal work out? THank you so much for whoever helps me on this.