Seller Financing! - Illinois ARV $110,542.50

[Austin Faux]

Hi!  We've got a great property in Illinois that's ready for you!

We're offering Seller Financing on 502 S Prairie St. Jacksonville, IL 62650! We'll finance the property at $10,000 with a $5,000 non-refundable deposit. You gain control of the property that's only 4 BLOCKS from Illinois College! Great Rental or Fix & Flip opportunity with an ARV $110,542.50!!!

CALL NOW: (720) 903-3600 Ext: 217

Payment Details:

$5,000 Non-refundable Deposit

$10,000 Seller Financed @ 6% over 4 years = $234.85 monthly payments!

Property Details:

502 S Prairie St. Jacksonville, Illinois (Pictures Below)

4 Beds 2 Baths - 1530 sqft. - Lot: 7840 soft.

Comps:

Since the property is pretty much gutted on the inside you can mold the bed, bath and floor plan pretty much to your liking. As such there is a 3/3 property that sold for $130,000 that had some light rehab done according to the pictures. Alot of the homes around the college campus which have had some rehab are selling between $100,000 - $130,000. You can also click the links to see the comps yourself:

$130,000 (528 Rosedale Blvd) $86/sqft

$126,000 (17 Greenbriar Dr.) $77/sqft

$110,000 (861 W State St) $64/sqft

$110,000 (1008 Grove St.) $62/sqft

Avg Sqft = $72.25 x 1530sqft = ARV $110,542.50

Fix & Flip Numbers:

ARV = $110,542.50

Repairs = $50,000

Oops/Misc. = $10,000

Deposit = $5,000

Principal = $10,000

Interest = $1,272.81

Rental Numbers:

Monthly Payment = $234.85/month (Seller Financing)

Repairs Loan ($50,000 @ 6% 30y) = $299.78/month

Annual Property Taxes = $2,178.92 (2015) or $181.58/month

Rents = $1033/month (3+ Beds)

CALL NOW: (720) 903-3600 Ext: 217

Thanks!

Austin Faux - Executive Director of Operations

Miracle Real Estate Group, LLC

P.S. Here's some pictures of the property below: