You're not buying a project. You're buying a cash-flowing rental with 2.5% financing already in place — the kind of debt you cannot get anywhere in today's market.
THE NUMBERS:
Total Price: $185,000
Take over existing loan: ~$106,000 balance @ ~2.5%
Entry fee: ~$69,000
PITI: $979.95/mo (incl. taxes + insurance escrow)
Tenant in place paying $1,400/mo
Day-one net spread: ~$420/mo before you lift a finger
Built 2009 — newer build, turnkey condition, no rehab needed
Quiet SW Shreveport neighborhood (71129)
Taxes ~$1,612/yr
THE LOAN:
Serviced by Veterans United, escrowed
18+ months of documented on-time payments (payment history available)
Principal paydown ~$265/mo and climbing — your tenant is buying you the house
Payoff statement, payment ledger, and full sub-to paperwork ready for review
WHY THIS WORKS:At $1,400 rent against $787 PITI, this cash-flows from day one with zero rehab, zero vacancy, and zero make-ready cost. Try to buy this same house with new financing at today's rates and your payment is $1,400+ before taxes — this deal only pencils because of the debt, and the debt is the asset.
DEAL STRUCTURE & DISCLOSURES:
Sub-to assignment — buyer takes title subject to existing VA loan
Underlying note remains in original borrower's name; due-on-sale risk applies as with any sub-to
Closing through a title company experienced in creative finance; third-party loan servicing in place/available
Lease, tenant payment history, payoff quote, and chain of paperwork provided in due diligence
EMD non-refundable after DD period. Buyer to verify all numbers.
Serious sub-to buyers only. This one will not sit — cheap debt + performing tenant deals get snapped up. Make an offer.
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 $210,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $170,000.