Subject-to exit for a tenant-occupied rental with negative cash flow
I own a property in Leander, TX 78641, currently worth approximately $365K.
The current lease runs through August 31, 2027, with base rent of $2,200/month plus a $25 animal fee. The loan is current.
I’m flexible on what I receive from the property depending on the overall structure. My main priorities are no ongoing monthly contribution from me after closing and no seller-paid closing costs.
Rather than setting a hard cash-to-seller amount upfront, I’d prefer to understand what the numbers support and what type of structure would realistically work for a buyer.
I’m specifically exploring a Subject-To transaction where the existing financing remains in place, rather than traditional seller financing.
I’d appreciate feedback from anyone experienced with Subject-To transactions. Based on this situation, does this look workable, and how would you structure the deal?