✌️Entry Fee: $35,000✌️

Property Details:

Vacant

Roof: 6 years

HVAC: 2 years

HWH: 2 years

Sellers were in the middle of renos, needs to be finished rehabbing

Mortgage Details (good through 08/31/2023):

Current unpaid balance: $300,461.38

Maturity Date: 11/01/2051

Monthly payments usually $1800/month but right now it's $2291/ month due to sellers not being able to pay property taxes. Will go back to $1800/ month in October.

Breakdown of monthly payment:

Principal: $532.32

Interest: $813.75

Escrow (taxes and insurance): $945.08

Interest Rate: 3.25%

Other:

Sellers are 3 months behind on mortgage

$16,000 in short claims still owed

Entry Fee: $35,000 includes all back payments/assignment fee