🏠🔥Low Interest Rate SUBTO!!! (2.25% interest rate) 2/1 House in Alliance, OH $27K ARV $185K 🔥 🏠

Description

300 East Bayton Street, Alliance OH 44601

!!!SUBTO DEAL!!! Great opportunity to take over a mortgage with a 2.250% interest rate. Well maintained home with 2 beds and 1 bath sitting on a huge 1.65 acre lot. Home also has large detached garage. Roof is 10 years old and no active leaks or issues, in good condition. AC is new. Electrical is also new. Home needs minor repairs and can rent to a long term tenant for around 1,200 for easy cashflow. Home will be sold vacant with clear title. Most recent mortgage statement available upon request.

Exit strategies: long term rental, mid term rental, wrap

Terms and breakdown below:

Existing mortgage balance taken over subject to: $130,630.24

monthly PITI: $722.46

interest rate: 2.250%

Money due at closing:

$27,000.00 (includes cash to seller + assignment fee)

Buyer pays all closing costs

Potential Rent Rate: $1,100-$1,200

Asking Price: $27K

ARV: $185K

-Showing Instructions: Appt Only!!