Atantic City, NJ (Triplex) Sub2
Entry Fee: $50,000.00 (includes payment to the seller, fees, and overdue mortgage)
Delivered vacant Excellent for BRRRR
PITI: $3,089 per month
Mortgage Balance: $310,000
Potential Rent: $5,900 per month Interest
Rate: 8.8% Renovation: $30,000-$35,000 for the 3 units
No need for a balloon payment; you can assume the mortgage until it is paid off or refinance it.
Entry Fee: $50,000.00 (includes payment to the seller, fees, and overdue mortgage)
Delivered vacant Excellent for BRRRR
PITI: $3,089 per month
Mortgage Balance: $310,000
Potential Rent: $5,900 per month Interest
Rate: 8.8% Renovation: $30,000-$35,000 for the 3 units
No need for a balloon payment; you can assume the mortgage until it is paid off or refinance it.
Entry Fee: $50,000.00 (includes payment to the seller, fees, and overdue mortgage)
Delivered vacant Excellent for BRRRR
PITI: $3,089 per month
Mortgage Balance: $310,000
Potential Rent: $5,900 per month Interest
Rate: 8.8% Renovation: $30,000-$35,000 for the 3 units
No need for a balloon payment; you can assume the mortgage until it is paid off or refinance it.