Turnkey, No Landlord Headaches
The Numbers
Money from Buyer: $27,000
Amount from Investor: $54,000
BUY: $270,000
SELL: $330,000
TERM: 5-7 years
Cash Flow: ~$600/mo
ROI: ~40%
PROFIT: ~$87,500
The tenant buyer is a paralegal and currently owns a multifamily rental and rents where she lives. She wants to buy a primary residence to provide a better environment for her child. She can afford the payment with her current income and has cash reserves. Her fiance also makes good money but we are not using his income in our underwriting.
She is already approved for a home loan of $100k through Navy Federal and needs to increase her credit score and lower her DTI to increase her purchasing power and be approved for a $200k-$300k home loan. Ideally, she is looking for a mid-term Contract for Deed Agreement.
The Hybrid REI Model Gives Real Estate Investors What They Want!
Cash Now: We bring you a property with a vetted resident ready to move in the day you close. They pay a non-refundable option fee to purchase the property. And the best part is you own the property and retain the tax benefits until they exercise their option to purchase.
Cash Flow: We have pre-qualified the buyer who has a good income and will be responsible for 95% of the maintenance and repairs so virtually all of the cash flow goes to the bottom line.
Cash Later: Then you sell at the appreciated price when the resident secures their mortgage within a predetermined time frame with the help of our team. They are now proud homeowners and your increased capital is freed up to do another deal!
Financials (USD)
Net Operating Income (Annual) $7,200
Asking Price $270,000
Cap Rate 6%
Additional Details
Street Address 1007 Shar Lane Boulevard
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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