4BR Home in Moody , AL

About This Property

Twin Lakes Subdivision | St. Clair County | Vacant at Close TAKE OVER 6.875% FIXED DEBT 29 YEARS LEFT THE NUMBERS Purchase Price: Contact for details Down Payment: Contact for details plus closing costs and TC Fee Contact for details $$400,000 Day-One Equity: ~$40K THE existing financing in place Rate: 6.875% FIXED Contact for details/mo (Contact for details P I + $458.79 escrow) Matures April 2055 loan is CURRENT THE PROPERTY 4 bed / 3 bath, 2,646 SF 1-story on 0.55 acre, built 1990 Vacant at close, AS-IS HOA: $33/month EXIT STRATEGIES 1) WRAP / OWNER FINANCE (Best Exit) Sell at $295K w/ $Contact for details down Payment: Contact for details wrap note @ 9.5%- Buyer ~Contact for details = ~$650/MO SPREAD- $Contact for details down MORE than recoups your entire ~$Contact for details down payment Day 1(Other structures: $289.9K/$Contact for details down @ 9% = ~$554/mo spread) 2) PADSPLIT / CO-LIVING5 6 rooms @ $150 $165/wk, 85% occ- ~Contact for details Contact for details/mo gross (~Contact for details Contact for details after utilities) Birmingham is an active PadSplit market 3) SHORT-TERM RENTAL Birmingham metro 4BR ADR ~$245/night- ~$28.6K $34K/yr gross (Contact for details Contact for details/mo)Minutes to Barber Motorsports Park (IndyCar, Vintage Fest), ~30 min to Talladega event weekends print money 4) LONG-TERM RENTALComps: Contact for details Contact for details/mo (best comp: 979 Hickory St, 4/3 2,042 SF @ Contact for details)- ~$225 $425/mo over equity play more than play EMD is Contact for details Contact Brad at (678) 990-5376

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