Take over a 6.125% fixed-rate mortgage on a nearly new 2021 home in the Rosewood community in Foley, just minutes from Gulf Shores and Orange Beach.
This 3 bed / 2 bath, 1,674 sq ft Truland smart home sits on a corner lot and has a Gold Fortified roof, which can lower insurance costs on the coast. It also has a screened porch, a fenced yard, a shed, a 2-car garage and a community pool. It's move-in ready with no rehab, and all appliances are included.
Deal snapshot
About $291K loan balance at 6.125% fixed
About $2,002/mo PITI, plus $63/mo HOA
The loan is current and in good standing
Comparable homes are listed at $315K–$335K, so you start with equity on day one
Entry: $10,000 + CC
Exit strategies
Mid-term or furnished rental: traveling nurses, seasonal workers and snowbirds keep beach-area demand high.
Owner-occupant: beach-area living at a rate well below a new loan, with no bank qualifying.
Long-term hold: steady rent and principal paydown.
Message us for the full breakdown. 630.488.5311
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $315,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $304,000.