🗝️ 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
All deals cash or hard money only. I like to work with everyone which usually means if you're making money, I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor, nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $2,500 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closings are an assignment of our contract with the seller to the end buyer.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact