Descripiton
Property Type: Single-Family Home | 2 Beds / 1 Bath / 728 Sq Ft Entry Fee: $30,000 (+TC + CC) Total Purchase Price: $130,000 Seller Financing Amount: $90,000 at 4% Interest Close of Escrow (COE): January 2nd, 2024 Why This Property is a Great Investment Opportunity Turnkey Condition with Seller Financing This property is a turnkey investmentopportunity, fully remodeled just 2 years ago. With minimal rehab costs estimated at under $10,000, this is an ideal opportunity for an investor looking to add a cash-flowing assetwith seller financing already in place. The entry fee of $30,000 allows you to control this property with favorable terms, while the remaining balance of $90,000 is financed at a competitive 4% interest rate. Flexible Rental Income Options With a tenant in place until December 2024, the property offers immediate income with options for various rental strategies: Long-Term Rental (LTR): Average rental rates in the area are approximately $998 per month. Mid-Term Rental (MTR): Potential monthly income of $1,539. Short-Term Rental (STR): Estimated monthly revenue of $1,575, depending on occupancy rates. Property Condition Overview Foundation: Good condition. Roof: Good condition. HVAC: 10 years old. Furnace: 2-3 years old. Water Heater/Electrical/Plumbing: All in good condition, approximately 15 years old. With minimal repairs needed, this property is ready for rental or continued tenant occupancy with very little downtime. Access & Viewing Viewing available by appointment. Please contact us to set up a convenient time. Key Deal Points Entry Fee: $30,000 (+TC + CC) Total Purchase Price: $130,000 Seller Financing Terms: $90,000 financed at 4% interest, monthly payments of $400, with a balloon payment due in 5 years. Turnkey Condition: Fully remodeled 2 years ago, minimal repairs needed. Vacant by December 2024: Current tenant in place, providing immediate rental income. Act Now on This Seller Financing Opportunity! This property offers a rare chance to acquire a turnkey investment with seller financing. With a low interest rate and favorable terms, this is an excellent opportunity for investors looking for a property with immediate rental income and minimal rehab needs. Whether you're looking to hold for cash flow or leverage seller financing for profit, this is the ideal investment to add to your portfolio. Contact us today to secure this deal!Features
728 Sq Ft.
2 Beds
1 Baths
Price: $30,000
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