🚨 SUB-TO Deal In Granite City IL 🤑

Madison County, Granite City, IL, 62040
Sold
Listed at: October 2nd, 2023
Price
$7,000
ARV
$65,000
Gross Margin
$58,000
Sq. Footage
640
Type
Single-Family
Parking
On street
Year build
1926
Lot size
8220.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

2625 Hodges Ave, Granite City, IL 62040

SUBJECT TO DEAL

2/1 - 640 Sq Ft

Entry Fee: $7,000

Remaining Mortgage Bal: $30,509.22

Interest Rate: 5.75%

Principal & Interest: $245.47/mo

Taxes est. $150/mo (1,800/yr for 2023 - already paid for by seller)

Insurance est. $95/mo (what seller pays)

TOTAL Monthly Expense: $490.47


Rental Rates in area: $850-$900 per mo.

CASH FLOW: $350-400/mo as an LTR.


CALL OR TEXT MIKE FOR MORE INFO


HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. Deal Flow Today either owns or has equitable contractual interest in the property. The above marketing piece is referencing the equitable interest/option in the subject property, and recipients of this email are fully aware that the sellers' "equitable interest and contractual obligations" are what is being offered. Cash or hard money ONLY. Buyer is not relying on any representations, whether written or oral, regarding the property above. A minimum $5000.00 non-refundable deposit is due with contract acceptance. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED IN WRITING BY BOTH PARTIES. NO INSPECTION PERIODS. Buyer to do their own due diligence prior to the seller accepting an offer. Sight unseen offer will require a sight unseen addendum to be executed prior to the acceptance of an offer.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Edward Hayes

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Disposition manager