Palm Springs CA market
Hello all, my friend inherited a home in California that she needs to part with but doesn't want to sell on market. I'm not into wholesaling so I'm just seeking advice as far as the numbers go to help get it sold for cash or maybe do a seller finance/ owner finance type thing. its a modular home so I'm unfamiliar with how much they vary from SFH.
she wants at least 100k for it
Estimated value is about 120k
needs maybe 5k at most in repairs
rent estimate is about 1500
total monthly expenses including hoa is about $1010
Would it even make sense to seller finance it? Do modular homes depreciate instead of appreciate?