3BR Home in Denham Springs , LA

About This Property

Subject-to opportunity in Denham Springs, LA. Take over an existing 3.75% FHA loan on a 3 bed / 2 bath single-family home DEAL TERMS - Total cash down payment: Contact for details - Loan balance: Contact for details at 3.75% (FHA) - Monthly payment: Contact for details (includes taxes, insurance & mortgage insurance) - Purchase price: $287,924 (loan balance + down payment) - Rent: Contact for details/month - Net $311.42/month (Contact for details/year) after a 10% maintenance reserve - Year-one cash-on-cash: 16.99% - Upside: at Contact for details rent, rises to $446/month (24.35% cash-on-cash) PROPERTY - Built 2001, 0.23-acre lot, carport - White cabinets, stainless appliances, tile floors, tray ceilings, tiled primary shower - Estimated value around $214K, roughly $48K in equity over the loan balance

Features & Highlights