🗝️ TURNKEY HYBRID OWNER FINANCE 🗝️(READ DESCRIPTION)

Portsmouth, VA, 23702
Sold
Listed at: March 26th, 2024
Price
$90,000
ARV
$250,000
Sq. Footage
1130
Type
Single-Family
Parking
Detached Garage
Year build
1954
Lot size
0.19 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

🏡 Property Details 

  • 3 Bedroom
  • 1 Bath
  • Sqft: 1,130
  • Property is turnkey and currently occupied by the owner but it will be vacant at the time of closing

💸FINANCIALS

  • Entry FEE : $90,000 (Down payment+assignment fee+mortgage payoff)  
  • Projected market rent is $1,500-1,800 a month
  • ARV-$230-250,000

📝OWNER FINANCE (EQUITY):

  •   $114,000 @ 6% interest rate (second position)
  • Amortization Schedule: 15 Year
  • 🎈Balloon: 5 Year balloon payment
  • Estimated monthly Payment: $987.31  
  • Total purchase price $204,000
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact