3BR Home in Jacksonville , NC

About This Property

Contact for details down payment | 4.5% INTEREST | $886.09/MO PAYMENT Great opportunity for an investor looking to acquire a property with attractive existing financing and create value through a full renovation SUBJECT-TO TERMS down payment Fee: Contact for detailsCurrent Principal Balance: Contact for detailsExisting Interest Rate: 4.5%Monthly Payment: $886.09Financing: Existing loan taken Subject-To The Contact for details down payment includes the funds needed to reinstate the existing financing in place Approx. Basis Before Rehab Closing Costs: Contact for details SUBJECT-TO TERMS down payment Fee: Contact for details Current Principal Balance: Contact for details Existing Interest Rate: 4.5% Monthly Payment: $886.09 Financing: Existing loan taken Subject-To The Contact for details down payment includes the funds needed to reinstate the existing financing in placeApprox. Basis Before Rehab Closing Costs: Contact for details PROPERTY DETAILS 3 Bedrooms 1 Bathroom 1,296 Sq. Ft. 0.88 Acre Lot Single-Family Residence Built in 1962 Jacksonville, NC Onslow County CONDITION: FULL REHAB NEEDED This property will require a full renovation. Buyer should review all available photos and perform their own inspection/due diligence to determine the appropriate rehab budget. This is best suited for an investor who is comfortable taking on a renovation and wants to capitalize on the existing 4.5% financing and sub-$900 monthly payment. RENTAL UPSIDE Projected Rent After Rehab: 1,500 1,700/month Potential Gross Payment Spread At Contact for details Rent:Contact for details - $886.09 = $613.91/month At Contact for details Rent:Contact for details - $886.09 = $713.91/month At Contact for details Rent:Contact for details - $886.09 = $813.91/month Potential gross spread of approximately 614 814/month before vacancy, maintenance, management, taxes/insurance adjustments, utilities, CapEx, and other ownership expenses. BENEFITS OF THE DEAL 4.5% existing interest rate Only $886.09/month payment Contact for details remaining principal balance Contact for details down payment includes reinstatement Potential 1,500 1,700/month rent after rehab Nearly 0.90-acre lot Opportunity to force appreciation through renovation Potential long-term rental / BRRRR-style hold Attractive existing debt compared with many current financing options

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