Contract for assignment – 2022 build Layton townhome with 3 beds/2.5 baths, 2 car garage and unfinished basement – 11.8% entry fee with no balloon

Interest Rate 3.875%

Entry fee $57,000 - plus Closing & TC

Total Purchase Price: $484,000

Built 2022

3 bed / 2.5 bath with unfinished basement

2232 sq ft

2 car garage

Underlying Mortgage $427,xxx.xx

Loan type: FHA

Interest Rate 3.875%

PITI - $2,616.35

PI - $2,077.74

TI - $239.17

PMI - $299.44

HOA – Yes, $205/month

Total Monthly payment (including HOA) - $2,821.35

Balloon: none

Rental restrictions – Yes, 6 month minimum

Entry Fee Breakdown: $57,000

Cash To Seller - $31,000

Cash to Seller’s Agent - $13,783

Assignment - $12,217

EMD $5,000 (credited towards downpayment)

Possible Exit Strategies (do your own due diligence):

LTR ~ $2,400/mo Zillow Zestimate

Force appreciation by finishing basement and rent for ~ $3,000/month

Live in it

Closing on or about - 06/28/2024

$57,000 - plus Closing & TC

*Disclaimer - Closing costs are determined by title company and cannot be controlled by the assignor.

Any discrepancies of closing costs will not be negotiable.

Buyer to do ALL OF YOUR OWN DUE DILIGENCE including exit strategies. This is your investment as the buyer.

Taking offers until Monday June 10 at 5pm MT. Selected buyer will have until Tuesday June 11 at 5pm MT to deposit non-refundable EMD.

Agents & joint ventures welcome, just add your fees.