Seller-finance rental in Memphis with 0% interest and a $500/mo payment. A long-term tenant is in place paying $950/mo through June 2028, so the property produces income from day one with $25,000 down.
Creative Finance Terms:
– Purchase Price: $140,000
– Down Payment: $25,000
– Amount Financed: $115,000
– Interest Rate: 0%
– Monthly Payment: $500/mo P&I
– Balloon: 72 months
Notes:
– Tenant occupied, long-term lease in place
– Current rent: $950/mo
– Lease end: June 2028
– Title: Rudy Title and Escrow
– COE: November 13
– Access: By appointment
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ARV $200,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $75,000.
