2966 N Gemini Meadows Ln, Cedar City, UT 84721

PROPERTY INFO

-3br

-2ba

-Build 2016

-1,546 sqft

-8,276 sqft lot

-$0 HOA

DEAL INFO

-Total Purchase Price (including assignment): $447,239.94

-Entry Fee: $39,000 + CC + TC

-Seller agrees to transfer BF Liani Trust to buyer

LOAN INFO

-Total Mortgage balance: $408,239.87

-Total monthly payment:$3,257.74

-Blended rate: 3.686%

-First mortgage balance: $298,497.27

—PITI: $1640.77

—Rate: 2.375%

—P:$665.62

—I $597.50

—TI: $101.71

-Second mortgage balance: $109,742.67

-Monthly payment: $1,616.97

-APY: 7.24%

RECOMMENDED EXITS

-LTR: $1600 - $2800 (Rentcast and Zillow rent)

-MTR: $2800 (Furnished Finder)

-STR: $3000 - $4000 (AirDna and Awning)

-Wrap

-Lease option

-Homestead

OTHER NOTES 

-Cedar City AKA “Festival City” in a great location with many year-round events

The home has many upgrades including a landscaped backyard with a w/built-in bench and fire pit plus amazing views with farmland right behind

-Cedar City Airport 6 mi

-Utah Army National Guard and other army bases 3 mi

-Cedar City Hospital - Intermountain Health 3.5 mi

-Good Schools Elementary, Jr and High ~2mi,