FOR SALE: Low Money Down Rental Opportunity

• 2BR/1BA

  • 2 bed
  • ·
    1 bath
  • ·
    1064 sqft

  $723+

  1

  Starting at

  Unit available

  • Unit 2 beds, 1 bath, $723

    Available now

    12 months lease

    Base rent

    $723+ mo

Property details

FOR SALE: If interested complete free application and talk to Chad Purchase requires a $500 hold deposit. This deposit will be applied to down payment at closing. After deposit is received buyer will sign the purchase agreement Closing will be held locally. $2500 will be due for down payment 1st payment will be due at closing, then on the 1st of the following month Buyer pays closing costs ($750) at time of closing General Information: This is a great opportunity to own a rental with little money down and build sweat equity. Wealth and freedom come from rentals - this one would be a great addition to any portfolio. All the expensive items for a remodel are done, the buyer just needs to do cosmetic repairs. Some simple efforts will create instant cash flow and equity. House condition: Good- roof, furnace, hardwood floors, windows, bathroom. Needs- Kitchen flooring I would recommend converting to a 2 bedroom or even 3 (Chad can explain) Paint, refinish family room floor, general cosmetic repairs Purchase terms: $69,900 (the value after repairs "ARV" is $110,000) $3000 down payment $574.33 monthly principal and interest payment - Based on $66,000 balance amortized at 9.9% over 30 years $149 monthly taxes and insurance escrow ($99 taxes and $50 insurance) $723.33 total monthly payment