- 5 Bedroom | 2.5 Baths
- 2 kitchens
- Separate lock off unit in the basement
- Opportunity to convert office to 6th bedroom
Purchase & Financing Details
Purchase Price: $550,000
Mortgage Rate: 3%
Principal Balance: $338,350
Seller Finance Amount: $141,650
Buyer Cash to Close + Closing Costs: $85,000
Balloon Term: 5 years
Monthly Payments & Cash Flow
PITI (Principal, Interest, Taxes, Insurance): $2,145
Seller Finance Payment (5% P&I): $760.41
Total Monthly Payment: $2,905.41
Rental Income: $3,845
Utilities: $413
Net Monthly Cash Flow: $526.59
5-Year Financial Projections
Remaining Balance on First Mortgage: $300,814.68
Remaining Balance on Seller-Financed Portion: $130,075.40
Total Remaining Debt in 5 Years: $430,890.08
Projected Home Value (5% Annual Appreciation): $701,954.86
Equity After 5 Years: $271,064.78
Property Photos & Location
