- Annual Return: 12% p.a.
- Term: 60 Months
- Loan to ARV: 63%
- Note Price: $ 49,000.00
- Security: 1st Position Mortgage
- Points to Lender: $ 1,619.00
- Monthly Payment: $382.15
- Balloon Payment: $ 53,950.00
- Amortization: Interest Only
- Your Total Return: $ 78,497.00
- Your Total Return: 60.2%
Collect an annualized ROI of 12% with immediate cashflow from day one when you add this performing real estate note to your retirement account or investment portfolio!
OVER 100 SUCCESFUL TRANSACTIONS AND COUNTING!
The note is secured with a 1st position Trust Deed against our own real estate. This is our property, and we are your borrower! We stay invested alongside you for the entire term of your investment!
We have owned this property for 4 years. It was previously tenanted at $1,100/month. The house now requires a full rehab, including new roof and HVAC.
On completion of the rehab, this large 4 bedroom home will be offered for rent and sale on our Pathway to Home Ownership affordable housing program at between $1,000 and $1,200 per month.
You are investing with a low Investment-to-Value of 59% due to the note being discounted, AND there are 3 points to the lender at closing, bringing your total return to 12% p.a.
Your monthly interest payments are paid on 25th of every month.
Due Diligence Documents:
For access to the supporting documents, please use the contact form on this page, or book a discovery call with a member of our management team to ask any questions you may have direct.
- Valuation: $ 84,500.00
- Valuation Method: Full Apppraisal
- Valuation Date: 08/18/21
- Property Type: SFH
- Street Address: Request Due Diligence
- City: Jackson
- State: MS
- Zip: 39212
- Year built: 1970
- Floors: 1
- Lot size: 11480 sq ft
- Bedrooms: 4
- Bathrooms: 3
- Occupancy Status: Vacant
- Monthly Rent: $ 1,100.00
This style property is located in is currently and has been listed on Garnaco. This property is listed at $ 49,000.00. It has 4 beds bedrooms, 3 baths bathrooms, and is . The property was built in 1970 year.