The part that makes this rare
The seller carries the majority of the price at 4%, with payments deferred for the first three months and a five year balloon. The structure is designed to leave reserves in the buyer's hands at closing.
The renovation is done, so the work is choosing a rental strategy rather than a construction schedule.
There is no current income. The package carries a pro forma based on furnished mid-term rental data. The buyer also pays agent commission and HOA fees at closing.
Buyers should complete their own due diligence.
At a glance
| Property type | Single-family rental home5 bedrooms, 3 baths, fully renovated |
|---|---|
| Location | Greater Phoenix, ArizonaExact location disclosed after NDA |
| Purchase price | $400,000 |
| Occupancy | VacantReady to lease or furnish |
| Seller financing | 4%, payments deferred 3 months |
| Down payment to seller | |
| Projected monthly NOI | |
| Earnest money | Deposited after inspection, contingent upon appraisal |
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