Purchase Price: $122,000 Down Payment: Only $8,000k down and Interest-Only Payment: $570/month PITI: $675/month Balloon in 20 Years – No Prepayment Penalty
Rental Income:
Rented at $875/month
HUD-assisted tenant (no issues with inspections)
Tenant has been in place 3+ years
Lease ends in August, then goes month-to-month
Market rent potential: $1,200/month — room to raise rents or add value
Returns:
Current Monthly Cash Flow: $200
Annual Cash Flow (Current): $2,400
Cash-on-Cash Return: ~30%
Pro Forma Monthly Cash Flow (at $1,200): $525
Pro Forma Annual Cash Flow: $6,300
Pro Forma CoC Return: ~78.75%
Why This Deal Works:
Turnkey – no repairs needed Reliable, HUD-supported tenant Strong, steady cash flow Low money down – just $8K! Long-term flexibility w/ no prepay penalty Room to increase rents for higher yield
DM me for more info or to lock this one up before its gone! 360-851-1793
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Additional details
Type
Single-Family
Parking
Driveway
Built in
1949
Lot size
0.16 acres
Price$122,000
ARV
$170,000
Gross margin
$48,000
Deals nearby
$34,900
(ARV -
$120,000)
2 Beds
1 Baths
936 sq.ft
$60,000
(ARV -
$231,333)
3 Beds
2 Baths
1452 sq.ft
$45,000
(ARV -
$125,000)
3 Beds
1 Baths
888 sq.ft
$300,000
(ARV -
$365,000)
3 Beds
2 Baths
2165 sq.ft
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