I have a 5bd 2ba that needs moderate rehab under contract. ARV $300k. I do have someone interested but just in case.
Purchase Terms:
- Purchase Price: $175,000
- Down Payment: $31,000 (includes assignment fee)
- Entry Fee: $31,000
- EMD: $500 (credited at closing once paid)
- Closing Costs: ~$4,500
- Total to Close: ~$35,000
Financing:
- Interest Rate: 8% ( sadly they wanted over 10%)
- Amortization: 30 years
- Balloon: 5 years
- PITI: $1,770/month
- First Payment Due: 120 days after closing