🏠 Des Moines Condo Seller Finance Deal(2% Loan)

Published: Thu, 03/14/24

🏠Des Moines Condo Seller Finance w/ 2% Loan😀

Entry Fee: $45K

Rents for $1600-$1800

🔥 Low Interest | Low Entry Des Moines Condo🏠
Discover this cozy 2-bed, 1-bath ground unit with a serene greenbelt view. Move-in ready – no updates needed!

🏘️ Property Info:

Built: 1979
Beds: 2
Baths: 1
Sqft: 739
Lot: 252,659 Sqft

💵 Deal Breakdown:

Purchase Price: $240,000
Interest Rate: 2%
Seller Financing: $220,000 at 2% int rate
- Monthly payment: $1,000.00
- 5 Year Balloon (60 payments)
HOA approx $397 per year

📈 Entry Fee:

Cash to Seller: $20,000
Arrears: $0
Assignment: $20,000
Realtor: $5,000
TOTAL ENTRY: $45,000 + CC

➡️ Exits:

Rent rate: $1,750.00 (medium per Zillow)
STR: $4,250 - $5,000 ($213/night quote on Airbnb)

COE: 4/5/24 or before

EMD: $10,000

22246 24th Ave S, Des Moines, WA 98198

Photo Link

ARV:

$300,000

Price: $260,000

Call/text for Appt:

(206)487-1975

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Disclaimer: This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.

P.O. Box 20321
Seattle WA 98102
USA

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