SF with 80% Owner Financing in CT - Buy & Hold or Lease Option

[Brian Aube]

Single Family Buy & Hold Contract in New Britain. First come First serve.

Property Info:

5 Bedrooms

3.5 Baths

2 car garage

3080 Sq. ft.

3 Fire Places

French Doors & Crown Molding

Move in Condition, the best part of New Britain, all work is done.

Close to Transportation and Shopping

This is well kept large house perfect for extended families.

Purchase Price $225,000

20% down - $45,000

Owner Financing Available for the balance of $180,000.

30 year Amortization

6% Interest

5 Year Balloon

Close in 30 days

Monthly P & I = $1079

Income & Expenses:

Rent: $2400

Mortgage: $1079

Taxes $621

Insurance $100

Net Income $ 600 / month

16% Annual Cash on Cash