Owner Financed Turn Key. Town house in B+ area w/ Home Warranty!

[Josh Anderson]

Bed: 2

Bath 1.5

Sqft: 1400

Estimated ARV is 85,000

Rent: $945 a month, the contract states that rent goes up 4% a year.

Rented Section 8

Taxes run around $450 a year

Insurance runs around $500 a year

There is no HOA

Lawn care is taken care of by the tenant.

Totally rehabbed top to bottom, with quality long lasting finishes, like tile and hardwoods, granite in all the bathrooms and new cabinets. The roof is maybe 4-5 years old, with brick and vinyl siding. HVAC is 4 years old and serviced before the tenant was placed.

We have a few property management providers in the area that we can recommend that range from 10-12% of the rent.

The lender we have will lend on 80% of the Arv, a 20-year note, around 7% interest WAC with 5-year interest adjustments. The local bank, already in place to handle the transaction. You are welcome to secure your own funding

OR! Owner Financing 

Terms as follows:

20% down. $16,500

20 Year amortized with a 2-year balloon at 10% interest. $636.91

Our goal would be to have you find your own financing but can offer short-term financing if needed.