Buy N Hold w/ Owner Financing in Lawton, OK Under $70K

[JC Gauthier]

Buy N Hold w/ Owner Financing in Lawton, OK Under $70K

3 beds /2 baths with potential for 4th bedroom

Built in 1920

2,763 sq ft

ARV $84,000

Estimated Repairs $5,000

Offered at: $69,900 with Owner Financing

Interested even if your credit is not optimal and you want to add this to your portfolio

Options are as follows:

-10% down, 10 year note, 10% interest rate (PMI needed)

-20% down, 10 year note, 10% interest rate (No PMI)

-10% down, 30 year amortization (10 year balloon), 10% interest rate (PMI needed)

-20% down, 30 year amortization (10 year balloon), 10% interest rate (No PMI)

-10% down, 30 year amortization (15 year balloon), 10% interest rate (PMI needed)

-20% down, 30 year amortization (15 year balloon), 10% interest rate (No PMI)

Buy and Hold for your portfolio

Owner Finance this home! This is a very large house for a family. Experience a property that has unlimited potential. Garage has been legally converted to a large room so you can create a 4th bedroom and/or additional living space for even more profit potential. It’s wired for central a/c and heat, but has window units that are located in the converted garage that come included.

It requires a new laminate floor and bathroom door, some TLC and if you’re not a very handy person, then this is not for you. However, if you are a “Mr. Fix it” type of person, then welcome to your new investment property!

Close to everything that you may need including I-44, US HWY 62, Lawton Indian Hospital and Comanche National Museum & Cultural Center.

-Fort Sill military base.

-Lots of restaurants and shops to suit every desire!

-Fantastic Lawton High School is close.

-Close to Lake Helen and numerous parks.

It is recommended using the Thrifty Nickel to advertise your rental for the most response possible in the immediate area.

You can also choose to Section 8 your rental, as there is a strong demand in the area. A 3-bedroom rental brings in $1,049 per month on a Section 8 voucher!

You can find more information on the rates you can expect to get at the following link https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2018_code/2018summary.odn