Asking price: $651,000 with OWNER FINANCING option
Down Payment: $135,900 (due at closing)
Note: $515,100
Payment Terms:
Monthly Payment to Seller: $2,609.9/month $31,319.2/year
Interest Rate: 4.5% with a 5-year balloon
Amortization period: 30 Years
No prepayment Penalty
Current Gross Monthly Rent: $4,597.26
Current Gross Yearly Rent: $55,167.12
Expenses: $11,699.44
Current NOI: $43,467.68
Current Cap Rate: 6.37%
Potential Gross Monthly Rent: $6,250.00
Potential Gross Yearly Rent: $75,000.00
Expenses: $0.00 (Potential NNN lease)
Potential NOI: $75,000.00
Potential Cap Rate: 11.52%
Showing a property visit by appointment only.
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Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All information is provided as-is. Buyers are encouraged to perform their own due diligence.