Owner Financed Turnkey! B+ Area - With Home Warranty!
Bed: 4
Bath 2
Rent: $1195
Taxes $1100 a year
Insurance: $650 a year
No HOA
Lawn care is taken care of by tenant
Section 8 tenant - program paying almost 800 a month, with tenant paying the remaining amount
Home warranty included for a year.
House has been totally renovated.
Roof - 5-6years old
HVAC: 4 years old and serviced before the tenant was placed
Stone and vinyl siding.
A wonderful looking house that rented very quickly, as the amount of 4 bedrooms in that area is very low and highly sought after to rent.
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. $27,000
20 Year amortized with a 2-year balloon at 6% interest. $773.75
Our goal would be to have you find your own financing but can offer short-term financing if needed. So you can refi into a loan.