MONTHLY PAYMENT: JUST $696 — INCLUDING TAXES & INSURANCE!
### THE REAL ASSET IS THE MORTGAGE!
Forget today's high-interest-rate financing. This property comes with the opportunity to take over payments on an existing mortgage with an incredible 3.15% interest rate!
The seller is offering this property SUBJECT-TO the existing mortgage , meaning the buyer acquires the property while the existing loan remains in place.
### THE NUMBERS
Existing Mortgage Balance: ~$132,000
Cash to Seller: $25,000
Estimated Rehab: $30,000
Estimated Total Investment Basis: ~$187,000
PropStream Estimated Value: $170,000
PropStream Estimated Rent: $1,359/month
Monthly Mortgage Payment: $696 (PITI)
That's a potential $663/month difference between estimated rent and the existing mortgage payment , before maintenance, vacancy, management and other operating expenses.
### WHY THIS OPPORTUNITY IS DIFFERENT
3.15% Existing Mortgage Rate
Only $696 Monthly Payment Including Taxes & Insurance
Subject-To Financing Available
No Need to Originate a New High-Interest Mortgage
3 Bedrooms / 1.5 Bathrooms
Nearly 2,000 Sq. Ft.
Long-Term Buy-and-Hold Potential
THE OPPORTUNITY IS NOT JUST THE HOUSE — IT IS THE FINANCING!
A low-rate mortgage can be a valuable long-term asset, especially for an investor focused on controlling monthly payments and holding property for years.
SUBJECT-TO 3.15% FINANCING!
$696/MONTH INCLUDING TAXES & INSURANCE!
$25K CASH TO SELLER!
Creative financing investors wanted! Message me for additional details, photos, access and mortgage information.
Subject-to transactions involve an existing mortgage that remains in the seller's name and may be subject to a due-on-sale clause. Buyers should independently verify the mortgage terms, loan balance, property condition, rental projections and closing structure.
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 $180,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $63,000.