3.50% SubTo Deal !! 1.5 Acres of Land !!

McDonough, Georgia
McDonough
Real Estate Investment

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 ***-***-****

  • Access:
    Unlocked/Open access
  • Home Area(sqft):
    1,580
  • Property Type:
    Single Family Residence

The Numbers

  • Asking Price ($):
    $45,000
  • As-Is Price/Sq Ft:
    $31.65
  • Est. Cost of Repairs:
    $15,000
  • After Repair Value:
    $325,000
  • ARV Price/Sq Ft:
    $205.70
  • Est. Gross Profit/Equity:
    $265,000
  • Price Negotiable?:
    No
  • Purchase Option:
    Sub To,

Comparables

No info given

Property Inspection

Location

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