BISBEE, AZ 85603

Call (480) 771-3024 for Offers and Inquiries! 

Bisbee, AZ 85603 | Historic Warren Neighborhood | 3BR/1BA Capital Stack Deal

Property

• 3 bed / 1 bath
• Approximately 1,198 SF
• Built in 1916
• 5,577 SF corner lot
• Wood-frame construction with aluminum siding
• Central air and forced-air gas heat
• Wood floors
• Inside laundry with washer/dryer
• Detached carport with RV access
• Separate workshop
• Underground storage passage
• City water and public sewer
• No HOA
• Mountain and city views

Purchase & Capital Stack

• Purchase price: $250,000
• Down payment to seller: $100,000
• Seller preferred equity: $150,000
• Seller preferred return: 4.5%
• Monthly seller payment: $562.50 interest-only
• Seller balloon: $150,000 due at the fifth anniversary
• Extensions: Two automatic one-year extensions, subject to contract conditions
• Prepayment: Allowed without penalty

Senior Debt:

• $175,000 (70% of price) @ 7.5% (assumed, no term sheet)
• 30-yr amortization (assumed), $1,048.82/mo.
• The TPFA sets the Senior Debt at not less than $150,000 (60% of the Purchase Price), first position deed of trust, rate not to exceed 10%, term 1 to 30 years, subject to a buyer approved appraisal.
• Loan application within 14 business days of the Effective Date; written approval due 5 days before closing (one 10 business day extension).

Rental Underwriting

Using an estimated long-term rent of $1,475/month:

• Managed pro forma NOI: $902/month
• Estimated senior debt payment: $1,048.82/month
• Seller preferred return: $562.50/month
• Estimated monthly cash flow: ($709.27)

Important Buyer Notes

• No lease or rent roll provided
• Property inspection has not been completed
• Insurance binder is pending
• Existing seller loan payoff is unknown
• Senior debt terms are assumptions and require lender approval
• Buyer pays title, escrow, title insurance, recording, and transfer costs
• EMD: $2,500, refundable through closing under the contract
• Documents and supporting information available to qualified buyers

Buyer Fit

Best suited for a buyer who:

• Understands creative capital stacks
• Can manage negative carry if holding as a rental
• Has a clear resale, refinance, or owner-occupant plan
• Can verify financing and complete due diligence quickly

Call (480) 771-3024 for Offers and Inquiries!