🏡 Subject 2 Property 2.5% – Commerce City, CO🚀

Description

📍 Location: Commerce City, CO 80022

📐 Property Details:

-3 bedrooms / 2.5 bathrooms

-Size: 1,842 sq ft Single Family Home

-Built in 2021

-🚗 2 Car Garage

-Lot Size: 3,327 sq ft

📅 Close Date: On or Before April 5th

💥 HOA: $101/month

🔥 Deal Breakdown:

-Purchase Price: $500,000

-ARV: $540,000

-Entry Fee: $55,000 OBO – (Seller, Arrears & Assignment)

-Subto Loan: $412,000 @ 2.5% Conventional Loan – 28 years remaining

-Seller Finance: $40,000 | 5% accurs over 5 year term| NO PAYMENTS- BALLOON IN 5 YEARS

-PITI: $2,512 PITI + $101 HOA = $2,613 MONTHLY PAYMENT

-$5,000 EMD Non-Refundable

🔑 Exit Strategies:

Buyers to perform their own Due Diligence

WRAP THIS OVER 7% and Cashflow $1,600/MONTH + $70k in equity

MTR: $3,900/month, Plenty of comps on Furnished Finder

LTR: $2,600-2,800/month, great for depreciation and loan pay down

STR: $4,000/month gross; AIR DNA

PAD SPLIT: Rent by the room model

🛠️ Condition: Built in 2021; in very good condition