Great opportunity for investors! House with existing long-term renters remaining; no vacancy. Easy closing, FSBO, no current mortgage to be paid off. I currently own and live in the house, while renting 2 rooms in the house. The new owner of the house will rent it back to me at $2,200 per month under a 1-year lease that I can renew indefinitely. Each year the rent will increase by the greater of 2% or CPI. I will be the only name on the lease and responsible for the entire rent, but I will continue to sublease the two additional master bedrooms. Seller financing is available with the following terms (or similar, pending credit review): 25% down, 6% APR (amortized over 30 years) balloon payment after 5 years, rate rises to 8% if balloon payment not made. I'm willing to work with a buyer's agent. I'm not interested in hiring a selling agent. I'm selling to get equity out of the house and diversify my investments.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
