• Remodeled with new paint, flooring, most baths, etc… • Fantastic owner financing (see below) • Only $50k down payment and NO BANKS OR CREDIT NEEDED EVER • Owner will carry at 8% interest only ($1260/month) • $20k discount for all cash/loan ($219,000) • Rents $3085 ($1095, $1095, $895) • Vacancy $150, Taxes/Ins $350, Repairs $250 = $2335 per month cash flow (11.7% CAP based on $239,000 or 12.8% on $219,000) • With owner carry, this property is estimated to net $1215/month after the monthly payment or 25.8% cash on cash return
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