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Real Estate Deal Analysis & Advice

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Jean-Pierre Lepoureau
  • St Augustine, FL
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Would this be a good deal?

Jean-Pierre Lepoureau
  • St Augustine, FL
Posted Sep 7 2014, 08:38

First deal for me and would like to get some common advice to see if this deal works>

Owner Financing Deal

Buy Hold and Rent ;-)

Property Value Estimation: $130,000

Asking:  $125,000

Down Payment:  $25,000 (20%)

Interest Rate:  5%

Loan Term:  25 years (No Balloon)

Rental Estimation:  $1,000.00

No Repairs needed what so every (very clean actually)

Thoughts would be welcomed

Thanks in advance!

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