$145,000
Property | , Tuskegee Institute, AL 36088
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Why Buy?
Estimated COC Return
29.11%
Estimated Monthly Cashflow
$702
Interest Rate
0%
Total Entry
$28,950
Down Payment
$26,350
Rehab
$0
The Numbers
Asking Price
$145,000
Total Entry
$28,950
EMD
$2,500
Down Payment
$26,350
Interest Rate
0%
Balloon
5 years
HUD Rent
$2,000
Monthly Payment
$898
Was appraised at $141,000 18 months ago so seller financed below current market rate. Monthly payment is PITI as it is an informal assumption of the current payments (creative subto, why pay interest on interest?)
Map
Subject Property
Deal summary
Seller-Finance SFH in Tuskegee Institute, AL 36088 – $145,000
2 bed · 2 bath · 936 sqft · built 1956 · Macon County
Was appraised at $141,000 18 months ago so seller financed below current market rate. Monthly payment is PITI as it is an informal assumption of the current payments (creative subto, why pay interest on interest?)
HUD rent $2,000/mo