SUB TO DEAL FOR ASSIGNMENT - 3 RENTAL INCOMES 1 PROPERTY!

Loan Amount ~ $228k

ARV $370k

Arrears ~ $31k (nearly 2 years of missed payments, no FC date set forth yet)

VA Loan 2.625%

PITI - $1,463.72/mo

ENTRY - ~ 85k (arrears, cash to seller, assignments)

Term: No Balloon! length of loan term which was 8/31/2020 Maturity date is 9/1/2050

Property Brings in 3 Incomes - 1/1 $800/mo (seller is to get 1 year leaseback for this unit upon COE),

2/1 $800/mo,

Guest house $1,000/mo Total $2600/mo.

It's a main house with detached guest house. Main house is split into two (1/1 & 2/1) see most recent MLS listing.

Condition: Pool pump went out and seller is taking care of that now. Normal wear and tear but in GOOD condition as last MLS listing shows & tenant occupied with no complaints - https://www.flexmls.com/share/9bSEy/3702-E-22Nd-Street-Tucson-AZ-85713

COE: 01/12/24

LAST MLS LISTING - https://www.flexmls.com/share/9clL2/3702-E-22Nd-Street-Tucson-AZ-85713

COMPS:  https://www.flexmls.com/share/9cNAG/Selected &  https://www.flexmls.com/share/9cNCT/Selected