Updated over 9 years ago on . Most recent reply
Seller Financing deal
Hey all,
I need everyone opinion about a deal. Please let me know if this is a good deal. Thank you.
Seller financing
Single family home 2/1
Price: $41,000
Interest Rate: 5%
10 yr ballon
5% down payment: $2,050
Monthly rent: $600
Expenses: $312
P&I: $209
Monthly cash flow=$79
Annual cash flow=$948
Cash on cash return=948/2,050=46.24%