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Updated about 4 years ago,
Need help with this deal
Hi guys.... need your expertise on this deal
Seller financing is foreign to me. Property is located in Springfield VA, which is a great location. Close to the the 95 and DC.
Here it are the numbers..
Sale price 375K
7% down
5% interest
30 year loan, but plan on buying in 3 years
20K in rehab needed
Rents for 2200-2500 max . Is this a good deal?
HOA - 89.00 a month