9h • Deal Analysis
Seller Finance Offer #2
Making an offer on another small bay property this week using seller financing. I’ll post my underwriting below on what the offer looks like:
Property Details:
1,250 sq.ft
.21 acre fenced lay down yard
(Previous tenant upgraded exterior security lighting he plans to leave, as well as repaint interior)
Purchase Price: $65,000
Downpayment: $40,000
Interest: 5%
Terms: $400/mo - 5 year balloon
At $1,200/mo rent I’m projecting this as my return:
-18.0% initial cash-on-cash
-24.0% modeled 5-year pre-tax IRR
This will be a solid addition to the portfolio if they accept these terms🤞🏼
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Seller Finance Offer #2
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