Owner Financed Turnkey! B+ Area - With Home Warranty!

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Owner Financed Turnkey! B+ Area - With Home Warranty!

Josh AndersonPro Member
Lender · Birmingham AL · Member since 2015 · 69 posts · 40 votes

Bed: 4

Bath 2

Rent: $1195

Taxes $1100 a year

Insurance: $650 a year

No HOA

Lawn care is taken care of by tenant

Section 8 tenant - program paying almost 800 a month, with tenant paying the remaining amount

 Home warranty included for a year.

House has been totally renovated.

Roof - 5-6years old

HVAC: 4 years old and serviced before the tenant was placed 

Stone and vinyl siding.

A wonderful looking house that rented very quickly, as the amount of 4 bedrooms in that area is very low and highly sought after to rent.

We have a few property management providers in the area that we can recommend that range from 10-12% of the rent.

The lender we have will lend on 80% of the Arv, a 20-year note, around 7% interest WAC with 5-year interest adjustments. The local bank, already in place to handle the transaction. You are welcome to secure your own funding

OR! Owner Financing

Terms as follows:

20% down. $27,000

20 Year amortized with a 2-year balloon at 6% interest. $773.75

Our goal would be to have you find your own financing but can offer short-term financing if needed. So you can refi into a loan.

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  • Member since 2018 · 6 posts · 0 votes
    8y

    can you send me moor info on this property please

  • Member since 2018 · 6 posts · 0 votes
    8y

    Is this property still available

  • Josh AndersonPro Member
    OP
    Lender · Birmingham AL · Member since 2015 · 69 posts · 40 votes
    8y
    Originally posted by @Mahesh Dayal:

    Is this property still available

     Yes it is.

    Feel free to call me at 205×446×3496

  • Member since 2018 · 6 posts · 0 votes
    8y

    HI Josh

    tried to call you and left a message , have not heard anything back 

    M.Dayal

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