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Updated over 7 years ago on . Most recent reply

User Stats

147
Posts
97
Votes
Haim Mamane Palman
  • Investor
  • San Francisco, CA
97
Votes |
147
Posts

Bay Area Hot Deal with Equity & with Seller Financing terms.

Haim Mamane Palman
  • Investor
  • San Francisco, CA
Posted

This home is 3 bedroom 2 bathroom 1386 sqft house located 1.2 miles from Pittsburg/Bay Point Bart in a great neighborhood. Only needs light cosmetic work, roughly 10k. Current rents for similar homes are $2,300-$2,400 per month, potentially higher as there is high demand for rentals in this area. 

Get into this home today with 75% financing, no bank involved. Loan balance at the end of 7 years will be $310,000, if the property continues to appreciate at the current rate this home will easily be worth over 550k. Will easily sell for $440,000 in current market.

-Purchase Price: $375,000
-Down Payment + Acquisition Fee : $97,500
-Seller Carry Back Note Balance: $337,500
-Amortization: 35 Years
-Interest Rate: 5.5%
-Monthly Payment (Principal & Interest): $1812.43
-Balloon Payment: 7 Years
-Close In 10 Days
-Buyer Pays Closing Costs

Pictures and video of the property here: https://www.dropbox.com/sh/4luvioo8mrqplgg/AAAR0es...

If you need more information or have more questions please email [email protected]

Offering

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