RENTAL INVESTORS! Amazing creative financing deal. 3.6% interest rate on an investment property! I don't think we will be seeing that again for awhile 1664 sf 3/1 that sits on almost an acre lot situated within brand new multifamily and sfr. Plenty of room to add multiple units. Can easily convert to a 3/2 as the Master Bedroom is huge. House was completely remodeled in 2021. New roof 2025, new ac 2021, new electric/plumbing 2021, new windows, new kitchen cabinets & granite. ARV $300k Bring $110k to table and assume our 3.6% note ($750/mo mortgage) with a balance of $135K so you're all in cost is $245K leaving over $50k in equity. The smart play imo is to ride that rate and capture even more equity. Rental Rate is $2150 with a note of $750/mo plus we pay electric/water which is about $400/mo. Id probably go back to tenant paying bills since the rental rates have increased but the option is yours. Thats over $1k month in cash flow on top of the equity. We have been paying the entire rental income to the mortgage so a lot of the front loaded interest in paid down. Tenant is section 8 and HUD does direct deposit into your account so no chasing rent since its all covered by HUD. She's been there since 2020 and has no plan of moving with 6 children and she's sitting in a pretty good position. You can drive by property but please do not disturb tenant 2726 W Washington Denison
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