🤩🤩Seller Finance, Main house plus ADU!🤩🤩

Description

Seller Finance Terms
Purchase Price: $115,000
Down Payment: $30,000 (includes assignment fee)
Loan Amount: $85,000
Interest Rate: 5%
Amortization: 18 Years
Balloon Period: 10 Years
Monthly Payment: $597.58
Balloon Payment: $47,799.79

Property Details
Tenant Occupied, Vacant at Closing
Main House: 3 Bed 1 Bath (706 sq ft)
Detached ADU: 2 Bed 1 Bath (840 sq ft)
Total heated sq ft: 1,546
AC’s: 6 years old
Roof: 2022
*Property 1 of 2 being sold via Seller Finance on same street.*

Summary
Entry Fee= $30,000 plus closing costs
Buyer to pay ALL closing costs
$5,000 non-refundable EMD
POF required with all offers
COE: 6/7/24

Comps & Rental Rates
Rental Rate for Main House: $900 per month
Rental Rate for ADU: $900 per month
Total Rental Revenue: $1800 per month

1204 W 10TH Street W, Jacksonville, FL 32209
SOLD on 3/11/24 for $140,000 ($103/sqft)

1473 W 10TH Street, Jacksonville, FL 32209
SOLD on 4/25/24 for $140,000 ($128/sqft)

1630 Steele Street, Jacksonville, FL 32209
SOLD on 4/1/24 for $122,000 ($146/sqft)

1134 W 10TH Street, Jacksonville, FL 32209
SOLD on 5/3/24 for $220,000 ($155/sqft)

AVG $/sqft = $133
ARV= $200,000+