Performing Note For Sale in Babson Park FL

[Don DeMarco]

This is a SFR with 3 bedrooms, 1 bath, has a lot size of .42 and was built in 1961, Homeowners do live in the house.

Homeowner agreed to modification terms and started payments on February 1, 2015 and payments have been on time each month.

FMV of Property is estimated at $52,000
Zillow Value $47,094
The UPB is $49,755 (New Mod. Amount)
Current Interest Rate 8.93%
Loan Term 30 yr fixed
Property Taxes $353.06 yr.
Original 1st payment date 3/1/97
Next payment due date is 12/1/15
Sales Price $34,000

Purchase this performing note and get a 14.1% cash on cash return.