🏷️2018 Built Home SUBJECT TO Opportunity with 4.25% Interest Rate🏷️

Description

ARV: $360K
REPAIRS LEVEL: NONE
LONG TERM RENT: $2,200/MO
SHORT TERM RENT: $200/DAILY RATE

Property Info:
2018 Built Home SUBJECT TO Opportunity with 4.25% Interest Rate!
Block Home
Needs No Work
AC Central Unit
Roof: 10 years old
City Water and Sewer
2 Car Garage
Lot Size: 5,500 sqft
Flood Zone: No
Vacant

Terms:
Price: $329k
Interest Rate: 4.25%
PITI: $2,122/mo
HOA: $209 Quarterly
Entry Fee: $28,500 +cc

SUBTO INFO:
– All IN Cash Estimated at less than $40k for Seller Down payment $12k, Arrears including January payment $6,500, All Closing Costs $6500, Holding Cost (2 months) $5,000 and our Assignment Fee $10k
– Perform a cost Segregation study on the property and even with bonus depreciation down to 60% for 2024 you will see roughly a tax deduction of $48,300.
– Pay down principal fast with low interest rate.
– Maximize rental income by utilizing the property as a short term rental.
– AirDNA Comp: 950 Shady Tree Ln – Projected Revenue: $43.6k – Occupancy: 60% – Average Daily Rate: $200