3.50% SubTo Deal !! 1.5 Acres of Land !!
Listings Stats
The Numbers
Description of Property
Golden Off -Market opportunity. Own This Adorable Ranch house at an incredible 3.50% Interest rate on 1.5 Acres of Land in McDonough, GA 30252.
🍒 Please Call or Text, DM’s & emails will be answered last…
Victor (720) 254-1572 Michael ***-***-****
🔥 50K Total Entry All-In ⚡️
– Includes down payment to seller, assignment, arrears & closing costs.
✨Purchase Price $280,000.00
ARV 310-325K
-Year Built 2005
-3 Bed, 2 Bath
-1,580 Sqft
– 1.5 Acres
💫SubTo Terms: ⬇️
PITI $1,880.37
3.50% Interest Rate
Principal Balance $257K
No Balloon!
Maturity date 2051
Principal: $415.61
Interest: $699.89
Escrow: $764.87
💫Seller Finance Terms ⬇️
$20,000 2md position note
$120 Principle only payment to seller for 24 Months
Balloon of $17,000 in 24 months
✨Property must have at least 20% Equity at time of inception or balloon will extend 1 year
LTR
$1,900 – $2,200
Lease option
Net $250 Cash flow at $2,500 Lease
Wrap
Net $350 Cash Flow at 5.81% Wrap note.
✨Text or call
Victor (***) ***-****
Michael ***-***-****
Video Link
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Access:Unlocked/Open access
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Home Area(sqft):1,580
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Property Type:Single Family Residence
The Numbers
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Asking Price ($):$45,000
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As-Is Price/Sq Ft:$31.65
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Est. Cost of Repairs:$15,000
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After Repair Value:$325,000
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ARV Price/Sq Ft:$205.70
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Est. Gross Profit/Equity:$265,000
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Price Negotiable?:No
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Purchase Option:Sub To,
Comparables
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