Ouachita Parish, Calhoun, LA 71225
3 bd2 ba1,820 sfBuilt 2006
Gross spread$284,000
Description
SUBJECT-TO INVESTMENT OPPORTUNITY – CALHOUN, LA ENTRY PRICE: $16,000 PROPERTY DETAILS • 3 Bedrooms • 2 Bathrooms • 1,820 Sq Ft • Built in 2006 • Approximately 5 Acres • Double-Wide Manufactured Home • Fireplace • Island Kitchen • Central HVAC • Public Water • Septic System • Pool EXISTING MORTGAGE BREAKDOWN • Outstanding Principal: $105,021.97 • Interest Rate: 3.625% • Monthly Payment: $881.07 • Entry Price: $16,000 • No Prepayment Penalty • Estimated Entry + Existing Principal: $121,021.97 (before closing costs and adjustments) WHY THIS DEAL MAKES SENSE • Existing low-interest financing at 3.625%. • Five acres of land. • Spacious 3-bedroom, 2-bath layout. • Potential long-term rental or owner-occupant opportunity. • Attractive entry price for a subject-to acquisition. RECENT AREA SALES • 402 J T Griggs Rd – 3/2 manufactured, 1,960 sqft; $75K last asking price, sold May 2026. • 3235 Highway 15 – 3/2, 1,868 sqft; $267K sold March 2026. • 131 Indian Hills Cove – 3/2, 1,624 sqft; $139,900 last asking price, sold May 2026. • 108 Patricks Cove – 3/2, 1,210 sqft; $202K sold July 2026. • 327 Hedge Hill Cove – 3/2, 1,458 sqft; $247,500 sold May 2026. ARV: $300,000. Comparable sales vary in property type, acreage, and condition. TRANSACTION STRUCTURE Subject-To acquisition. Buyer takes over the existing mortgage payments while the existing financing remains in place. Transaction to be completed through a title company. INTERESTED? CALL OR TEXT [contact details hidden] $16K ENTRY | 3.625% INTEREST | 5 ACRES
Property
Systems & condition
Self-reported by the seller. Not inspected.
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