You could live here for around $600/mo. ….. and gain great equity! (your basement renters would pay for almost 1/2 or your mortgage, you don’t have to have any cash to put down)
Have you heard that it’s a buyer’s market? If you are renting and can fit in a two bedroom, it’s time to buy! I just found this property on the MLS this morning and it’s going to go fast. We just sold an identical property (that wasn’t remodeled) in 8 days from being listed for $15,000 more! The property below will go fast…
Here are the numbers and how it can work:
Purchase price $149,000.
Offer could include 3% down, 3% closing costs to be paid for by the seller. That means you don’t have to have any available cash to buy this house.
Mortgage would be for $145,000, 30 years at about 5.69% (today’s average rate). Using a conservative 6%, your monthly payment would be “roughly” $869.35 plus 15% for taxes and insurance, or approximately: $1000/mo.
This home has a 1 bd. legal accessory apartment that can be rented out for AT LEAST $400/mo. Provo/Orem Chamber of Commerce just listed Provo rental rates at an average of $485 for 1 bedroom units, so the rent could be potentially as high as $500.
So….. if you can afford $600 a month and are interested in being a homeowner, investor, landlord-call us and we’ll introduce you to a great lender who can help you get pre-qualified. We’ll set up a showing so you can have a look and further discuss your options!
To view a complete listing of this property, go to our CLIENT MLS ACCESS and enter the MLS # 782495. Call us immediately if you want to schedule a showing.
We are contacting all of our investors and renter contacts today to tell them about this property!
Please forward to any friends you know who may benefit from this opportunity!!!
**Rates and estimated mortgage calculations would need to be verified by a good faith estimate from a lender and would depend upon your credit score and employment situation.
