3BR Home in Shreveport , LA

About This Property

TURNKEY SUB-TO ASSIGNMENT CHEAP DEBT + PERFORMING TENANT, NOTHING TO FIX You're not buying a project. You're buying a cash-flowing rental with 2.5% financing already in place the kind of debt you cannot get anywhere in today's market. THE NUMBERS: Total Price: $285,000 Take over existing loan: ~Contact for details balance @ ~2.5% down payment fee: ~Contact for details (covers assignment + equity) $979.95/mo (incl. taxes + insurance escrow) Tenant in place paying Contact for details/mo Day-one net spread: ~$420/mo before you lift a finger $285,000 (comp-supported nearby 3/2s selling $225K $250K) Walk into ~$35K of equity at close THE PROPERTY: 3 bed / 2 bath, 1,405 sqft, single story Built 2009 newer build, turnkey condition, no rehab needed Quiet SW Shreveport neighborhood (71129) Taxes ~Contact for details/yr THE LOAN: Serviced by Veterans United, escrowed 18+ months of documented on-time payments (payment history available) Principal paydown ~$265/mo and climbing your tenant is buying you the house Payoff statement, payment ledger, and full sub-to paperwork ready for review WHY THIS WORKS:At Contact for details rent against $787 this cash-flows from day one with zero rehab, zero vacancy, and zero make-ready cost. Try to buy this same house with new financing at today's rates and your payment is Contact for details+ before taxes this deal only pencils because of the debt, and the debt is the asset. DEAL STRUCTURE DISCLOSURES: Sub-to assignment buyer takes title existing VA loan Underlying note remains in original borrower's name; due-on-sale risk applies as with any sub-to Closing through a title company experienced in creative finance; third-party loan servicing in place/available Lease, tenant payment history, payoff quote, and chain of paperwork provided in due diligence EMD non-refundable after DD period. Buyer to verify all numbers. Serious sub-to buyers only. This one will not sit cheap debt + performing tenant deals get snapped up. Make an offer.