Sub2 cashflowing deal for sale
SUB2 Opportunity – Odessa, TX (2023 Build) New construction property with a tenant in place paying $4,000/mo through May. Existing financing at 5.5% with a PITI of ~$3,300, leaving about $700/mo net cash flow. No repairs needed. Details: • Year built: 2023 • Current rent: $4,000/mo • PITI: ~$3,300/mo • Cash to seller: $5,000 • Tenant in place, lease ends May • Low maintenance, solid rental area Looking to assign.