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Updated about 4 years ago,

User Stats

17
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7
Votes

Need help with this deal

Posted

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

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