EXCELLENT CASH FLOW OPPORTUNITY

CLAYTON NEIGHBORHOOD

cOLORADO bLVD

This property is ready to be your next cash flowing asset!

Rent rate median within half a mile for comparable properties is $3,100!

❇️1818 SQ FT (finished basement)

❇️Attached Garage

❇️The house was renovated in 2012: including update to furnace, electric, plumbing, flooring, kitchen, and baths

❇️Roof replaced in 2004

❇️HWH replaced in 2012

❇️Good School District

❇️VACANT!!!!

🛠️Repairs Needed🛠️

Sewer needs replaced out to the main: approx. $7k (we have the scope and estimate)

Roof will need replaced in the next 3-5 years

Misc. repairs needed

DEAL BREAKDOWN:

OPTION 1:

*Purchase price: $330,000

*$35,000 down to seller

*4.5% Interest for first 12 months (monthly principle/interest payment of $1,495); then goes to 6% (monthly principle/interest payment of $1,742) for remaining 9 years.

*Amortized over 30 years - 10-year balloon

*Estimated Taxes/Insurance monthly: $400

*Assignment fee Starting at $5k

OPTION 2:

*Purchase price: $310,000

*$35,000 down to seller

*6 % interest, amortized over 30 years (monthly principle/interest payment of $1,649)

*10-year balloon

*Estimated Taxes/Insurance monthly: $400

*Assignment fee Starting at $5k

OPTION 3:

*Purchase price: $320,000

*10% down to seller ($32,000)

*6 % interest, amortized over 30 years (monthly principle/interest payment of $1,649)

*10-year balloon

*Estimated Taxes/Insurance monthly: $400

*Assignment fee Starting at $5k

**Buyers do their own due diligence

*Seller of this property either owns or has equitable contractual interest in the properties marketed

*Seller has exclusively relied upon the information listed within the MLS, County Assessor's office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is' ' condition.

CALL OR SEND A  TEXT TO MISTY FOR MORE INFO ON THIS KILLER DEAL! (719) 259-2181