ENTRY:
-- Cash to Close: $27,500 + Closing Costs
-- Cash to Seller: $12,500
-- Assignment Fee: $15,000
-- EMD: $5,000 Non-refundable (Due within 24 hours of signing the assignment contract)
-- Purchase Type: Subject-To the Existing Mortgage + Seller Carryback
PROPERTY OVERVIEW:
-- 5-bedroom, 2-bathroom home
-- 1,650 sqft of living space
-- Built in 1920
-- Lot Size: 1,284 sqft
-- Located in Philadelphia, PA — strong Section 8 and MTR market
LOAN DETAILS (SUBJECT-TO + SELLER CARRYBACK):
-- Remaining Mortgage: $230,716.81
-- Interest Rate: 2.5%
-- Total PITI: $1,784.48/month
-- Principal: $537.71/month
-- Interest: $479.54/month
-- Taxes/Insurance: $767.23/month
-- Seller Carryback: $60,000 @ 3% for 10 years → $579.36/month
-- HOA Payment: $0
RENTAL STRATEGY & RETURNS:
-- Long-Term Rental (LTR): ~$2,700/month → $336.16 Monthly CoC (17.17%)
-- Mid-Term Rental (MTR): ~$4,500/month → $2,136.16 Monthly CoC (109.08%)
-- Short-Term Rental (STR): ~$3,667/month → $1,303.16 Monthly CoC (66.54%)
-- Section 8: ~$3,002/month → $638.16 Monthly CoC (32.59%)
CONTACT: Call or Text Louie Today at 805-345-5338
"You miss 100% of the shots you don’t take — submit your offer before someone else does!"