Here is a nice 4 bedroom 2 bathroom home located in a great area that fits the owner carry program. The home is over 2300 SF and is located in a very nice area. The rent average is the area is $1500-$1700 a month. Homes are selling for $150k-$160K. Lets go over the Approx numbers.
Offer__________$ 80,000
rehab__________$ 15,000
Total__________$ 95,000
Sale Price______$155,000
payment/Lease__$ 1500 a month
Tax___________$ 340 a month
Insurance______$ 60 a month
Net Proceeds___$ 1100 a month
Lets look at the profit on this home. Your profit would be 1100 a month + 10% down on owner carry $15,500 and you still have $44,500 left on your owner carry note. Remember there is no maintenance on a home that you sale on a land contract/mortgage.
We have all the services that you need to get the property, Rehab it and sell it on a land contract. Call Brett 216-703-5740 Century 21 Premiere.
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