🏡 Property Description:
- 💰 Price: $380,000.00 PP
- 🏠 Type: 2 Bed, 1 Bath
📝 MORBY METHOD
💸 Financing Details:
- 💳 70% Down via Bank Financing
- 💵 5% Overfunding Available
- 📊 75% LTV
- 📉 Approx. $1,952.00 P&I Monthly at 70%
- 🏦 Lender Secured Already
- 🪙 30% Seller Carry in Second Position
- 📈 5% Accrued Annually (No Payments Till Balloon)
- 🕒 5-Year Balloon
💲 Monthly Expenses:
- 🏢 HOA: $75 per month (Paid $225 Quarterly)
- 💵 Current Taxes: $940.45 Annually
- 🛡️ Insurance Estimate: $1,000 Annually
- 💡 Total PITI & HOA: $2,188.00
💼 Income Potential:
- 🏡 STR Estimate: $4,800 per month
- 📅 Avg. $200 per night @ 80% Occupancy
💡 Why This is the Perfect Acquisition for You: This property is a prime investment opportunity utilizing the Morby Method, allowing you to leverage creative financing strategies for maximum return. With secure lender financing and seller carryback options, this deal offers low upfront costs and significant monthly income potential through short-term rentals.
📞 Contact:
- 📇 Jervon Thompson
- 📱 Phone: 480-444-9503
- ✉️ Email: jervonthompson@gmail.com
Let's make this investment work for you! 🚀🌟
*Important Notes & Disclaimers*
Approaching the seller at any point is prohibited. Anyone who does will be permanently removed from our buyer's list AND black-listed with all other major partners in the area. Further, such contact will be viewed as intentional interference with a contract and may result in legal action being brought against you. We are under contract with the seller of this property and are therefore a PRINCIPAL in the transaction. Buyers are encouraged to perform their own due diligence regarding properties. Information provided is taken from public records and other sources, is provided in good faith, but is not guaranteed to be accurate. After renovated value ("ARV"), estimated repair costs, and other such figures are simply estimates; as such, buyers should conduct their own analysis and diligence regarding all aspects of the property prior to offering/purchasing.
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