SHREVEPORT, LA 71129

TURNKEY SUB-TO ASSIGNMENT — CHEAP DEBT + PERFORMING TENANT, NOTHING TO FIX

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
• ARV: $210,000 (comp-supported — nearby 3/2s selling $225K–$250K)
• Walk into ~$35K of equity at close

THE PROPERTY:

• 3 bed / 2 bath, 1,405 sqft, single story
• 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.