Seller Financed SFR Near Downtown Cary, IL

[Fernando Angelucci]

We have available for immediate assignment a seller financed easy SFR rehab project in Cary, IL. The house has already been 95% rehabbed.

PHOTOS: https://www.dropbox.com/sh/wr6tvto709x3tn0/AAD-wLySIy6GG2o_7E36j1pca?dl=0

317 W. Main St., Cary, IL 60013

Purchase Price: $185,000

Down Payment: $60,000

Monthly Payment: $937.50 (9% interest only)

Finance Term: 18 months

Balloon Payment: $125,000 due upon sale, refinance or end of term

4 bedrooms, 2.1 baths, 1,958 sq. ft.

Property Size: 2,040 sq. ft.

Lot Size: 0.45 acres

Property Taxes: $6,073.00

Estimated Rehab: $30,000

Estimated ARV: $275,000+

Estimated CROI: 35%+

Details: This property is in the best part of Cary, IL within a short walk to downtown with the train station and shops while being in the Cary-Grove Community High School district (10/10 GreatSchools Rating). Similar sold properties in the area have been selling in less than 2 weeks. The majority was redone in this large 4-square home by a rehabber before the hard money lender had to take the house. Only things left to do are trim, paint, light kitchen rehab, landscape, and refinish some of the hardwood floors. The living room has a wood burning fireplace. The attic and basement could be made into livable space as well. Easy financing for an easy flip resulting in a high cash on cash return!

MLS SOLD COMPARABLES: https://www.dropbox.com/s/zivr6td3fs13qo8/Sold%20Comparables%20for%20317%20W.%20Main%20St%2C%20Cary%2C%20IL.pdf?dl=0

The deal goes to the first person who signs the assignment of contract and remits the assignment fee. We will be conducting private showings of the property upon request; respond with a day and time that you would like to have a private showing. If you are a wholesaler and are interested in marketing this deal, you must obtain our permission first. If you have any questions or interest in moving forward, please do not hesitate to reach out as this one will not last long!