PRIME OWNER FINANCED NORFOLK LOCATION

[William Brown]

3 BED 2 BATH 1,478 SQ FT, 

ARV: $260,000 | EST. REPAIRS: $25,000 | STARTING BID: $211,800

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***OWNER FINANCING TERMS: BUYER TO COME TO TABLE WITH 10K DOWN + CLOSING COSTS. BUYER TO MAKE A MONTHLY PAYMENT TO SELLER IN THE AMOUNT OF $800 EACH MONTH FOR 36 MONTHS TO THE PRINCIPLE. AT THE END OF 36 MONTHS, A BALLOON OF $173,000 IS TO BE PAID TO SELLER.

RECOMMENDED EXIT STRATEGY: BUY, RENOVATE, PUT TENANTS IN AT $1500+ A MONTH, CASHFLOW FOR 3 YEARS THEN EITHER REFI OUT AND CONTINUE RENTING OR SELL AND CAPTURE EQUITY. ***