Moved another sub too as the agent, What do you think of this deal? details below
Purchase Price- $315,000 Loan balance- $202,688.36 Seller Carry- $89,000 Down payment w/ closing Costs- $25,019.39 Commission- $9,450 Mortgage- $1,374 Monthly Seller carry- $375 monthly Total monthly- $1,749 Rental comps- $2,400 This particular buyer bought this house as a potential primary residence if they decide to move in the future. For now it will be used as a rental to offset the costs of ownership. Owner strategy for this property is to hold as a rental with minimal cash flow now, increase the rent over time and enjoy appreciation over the coming years of a top 5 fastest growing counties in the county. Comps show this property is currently worth over $350,000.