Hybrid Deal

(Subject To and Seller Carry)

Purchase Price: $260,000

Total Monthly Payment: $1,723

Entry Fee: $28,750 + Closing Costs

Property Description:

Property Type: Single Family

Deal Source: Direct to Seller/Agent

Beds/Baths: 3/2.5

Garage: 2 Spaces

Year Built: 2018

SQFT: 1,882

ARV: $261,000

HOA: Yes

HOA Rules: No PadSplits

Pool: No

Condition: Turnkey

Closing Date: 03/04/2024

Access: Schedule with me

Entry Fee Breakdown:

Cash to Seller/Agent: $12,333

Arrears: $6,417

Liens: $0

Assignment: $10,000

Exit Strategies:

Long-Term Rental: $1,900 (RentCast)

Mid-Term Rental: $2,400-4,000 (Furnish Finder)

Short - Term Rental: $3,550 (AirDNA)

PITI Breakdown:

PITI: $1,552

Principal: $451

Interest: $370

Escrow: $730

Seller Carry Payment: $142

HOA: $29

Total Payment: $1,723

Mortgage Information:

Existing Loan: $179,872

Loan Type: FHA

Interest Rate: 2.49 %

Maturity Date: 02/01/2048

Seller Carry Information:

Loan Amount: $51,378

Interest Rate: 0%

Loan Term: 30 Years

Notes:

Mortgage Statement available upon request

HOA Rules available upon request