Selling: SAFE ~$55,000 Note - 11% APR, ~30% Eqty, 2 yr mtrty
Property Information
Property Address - 348 Nicole Ct, Jonesboro GA 30238
Beds - 4
Baths - 2
Sqft - 1506
Loan Information
Home Sale - $69,900
Loan Start Value - $60,000
APR - 11%
Term Length - 15 years
1st Payment Date - January 31, 2015
Payoff Date - December 31, 2029
Total Loan Interest Earned - $62,752
As Of November 2016
Current Loan Value - $56,638
Late Payments - 0
Remaining Number of Payments - 157
Remaining Time - 13 Years, 1 month
Remaining Interest - $59,390 !*!*!*!*!*!
Current Zillow Zestimate of Property - $80,000
Current Estimated Equity - 29.2% | $20,610
SELLING this SAFE & Incredible High-Interest Note! High equity loan (29.2%) with a 2-year maturity to a wonderful couple who have actually improved the property since purchase! NO LATE PAYMENTS. Contract structured to the advantage of the borrower! (Reach out for more information about this)
NO LOW-BALL OFFERS! Not in any difficult situation and don't forsee ANY issues with this note. Simply interested in liquidating to take a more proactive approach to investing.