- Real Estate Investor - Internet Marketing Professional
- Denver, CO
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Seller Financing! - Illinois ARV $110,542.50
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: