Up to 3.5% in closing cost assistance offered by FNMA to owner-occupants for closing before 31-Dec 2010. Eligibilty restrictions apply. House is typical GDC home built in early '80's. Roof assumed to be original. Some remodeling exists - kitchen and new windows - but much remains to be done. The house is on city water and sewer. The A/C compressor, air handler and water heater seem to be replacements of the original units - but are likely not brand new. Average gross rental in the area within 3 miles surrounding the subject is $590/month or $7,800 annually indicating a market value by income approach in the low $70's for a dwelling in living condition. Apply for HomePath Renovation Mortgage and get financing for rehabbing!
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