305 Sunrose, Cibolo, TX Project
Motivated seller, divorced & moving out of country
House ARV (After Repaired Value) = $140,000
Our Purchase Price = $86,000
Repairs = $1,000
Closing/Carrying Cost = $3,000
Total Loan = $90,000
- House was in very good condition, only needed minor cosmetic repairs and landscaping. Private investor lent $90,000 for purchase and carrying costs.
Marketed the house “Owner Financed” and sold in 5 days on wrap financing for $149,500.
Investor receives $675 (interest only) monthly for 6 years = $675 X 72 = 48,600 plus capital return of $90,000 when deal has completed its cycle.