This is the opportunity that investors are looking for. A small investment, will take you a long way. WIth a tenant in place, owner financing and a property manager, there is no much for you to do, but to sit and wait for your check to come in, while you watch your investment to go up in value. This is a well-kept, 2 bedrooms, 1 bath town home located in Melbourne. The current residents have a new lease, where their lease expires in May 2014. The owner is offering financing at 6%, 15-yr amortization with a balloon due in 5 years. Based on current expenses, and assuming owner financing, you may get 14% ROI, if you self-manage or 8% ROI if you hire a professional property manager.
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.
