Available
$12,000(ARV: $165,000)7% of ARV

Forsyth County, Winston-Salem, NC 27107

3 bd1 ba912 sfBuilt 1948

24 days ago

Gross spread$153,000

Description

CREATIVE FINANCE OPPORTUNITY – SUBJECT TO Deal Summary Purchase Type: Subject To Existing Financing Purchase Price: $146,787.47 Down Payment: $12,000.00 Existing Loan Balance: $145,787.46 Interest Rate: 6.25% Fixed Monthly PITI: $1,030 Balloon: 10 Years Why Investors Will Like This Deal Control the property with only $12k down Low monthly payment of just $1,030 PITI Fixed 6.25% interest rate—no adjustable-rate risk No need to qualify for new financing 10-year balloon provides a long runway for multiple exit strategies Ideal Exit Strategies Buy & Hold Rental BRRRR Lease Option Owner Financing Refinance after appreciation Traditional resale before balloon Financing Snapshot ItemDetailsPurchase Type: Subject To Existing Loan Balance $145,787.46 Interest Rate: 6.25%Fixed Monthly PITI$1,030 Balloon10 Years Seller Situation Seller is relocating due to mobility concerns with the home's stairs and is looking for a clean solution that relieves them of the mortgage while providing funds to secure a rental. The loan is current and will remain in place under a Subject To purchase structure. Serious creative finance buyers only. Contact for photos, mortgage details, payoff information, and access. Proof of funds required prior to assignment details. Contact Dillano for more info [contact details hidden]

$/sqft vs market

This deal$13/sqft
Market median$157/sqft
Difference92% below

Median of 27 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet912
Lot size25,265 sf
Year built1948
ConditionTurn Key
OccupancyOwner Occupied
ParkingDriveway

Systems & condition

Roof age1-3 yrs
HeatingHeat pump · 0-5 yrs
Air conditioningCentral AC
FoundationCrawlspace
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing601
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