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Updated over 6 years ago,

User Stats

69
Posts
40
Votes
Josh Anderson
Pro Member
  • Lender
  • Birmingham AL
40
Votes |
69
Posts

Owner Financed Turnkey! B+ Area - With Home Warranty!

Josh Anderson
Pro Member
  • Lender
  • Birmingham AL
Posted

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.

  • Josh Anderson
  • Offering

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