HYBRID DEAL

Purchase Price: $286,000

Mortgage Rate: 4.87%

Seller Carry Rate: 3%

Total Monthly Payment: $2,035

Entry Fee: $27,940 + Closing Costs

Property Description:

Deal Source: Direct to Seller/Agent

ARV: $286,500

HOA: Yes (No Rental Restrictions) 

Pool: No

Condition: Turnkey

Closing Date: 11/08/2024

Access: Schedule with me

Entry Fee Breakdown:

Cash to Seller/Agent: $17,940

Arrears: $0

Assignment: $10,000

Exit Strategies:

Long-Term Rental: $2,023
(Zillow)

Mid-Term Rental: $2,500 -
$3,000 (FurnishedFinder)

Short-Term Rental: $4,672
(DataRabbu)

PITI Breakdown:

PITI: $1,719

Principal and Interest: $1,091

Escrow: $627

Seller Carry Payment: $288

HOA: $27

Total Payment: $2,035

Mortgage Information:

Existing Loan: $189,557

Loan Type: FHA

Interest Rate: 4.87%

Maturity Date: 10/01/2049

Seller Carry Information:

Loan Amount: $68,503

Interest Rate: 3%

Loan Term: 30 Years

Balloon: 10 Years

Notes:

Included Washer, Dryer,
Refrigerator, Microwave,
Oven