Owner Financing
These are typically renter-ready/move-in ready deals that we get under contract with sellers that are willing to offer owner financing instead of only providing the option for you to purchase the property with cash.
These deals usually require a down payment of 10-20% and the seller will basically serve as the bank for you to pay off the remaining balance. The terms (years to pay off, balloon payment, interest rate) will vary.
We don’t acquire as many of these types of deals, but if you’re interested in something like this, please contact us and let us know.
|
Property Location/Neighborhood |
Township |
Zip Code |
Sq. Footage |
Bedrooms |
Baths |
Monthly Rent |
Sale Price |
Yearly Taxes |
Year Built |
Appx Yearly Insurance |
Utilities |
|
Central, Bluecollar |
Center |
46218 |
1,005 |
3 |
1 |
750 |
43,500 |
902 |
1958 |
450 |
Tenant pays utilities |
| Central, Bluecollar | ||
| Sale Price | $ | 43,500.00 |
| Loan Amount (based on 80% LTV) | $ | 34,800.00 |
| Interest Rate | $ | 6.5% |
| Actual Rent | $ | 750 |
| Loan payment | $ | 234.97 (amortized over 25 years with 5 year balloon) |
| Monthly Taxes | $ | 75.00 |
| Monthly Insurance | $ | 37.50 |
| Monthly Management | $ | 75.00 |
| Cash Flow per Month w/ Management | $ | 327.36 |
| Annual Cash Flow | ||
| Cash on Cash Return | 45% | |
| Down Payment Required | 8,700.00 (20% down required) | |
|
Property Location/Neighborhood |
Township |
Zip Code |
Sq. Footage |
Bedrooms |
Baths |
Monthly Rent |
Sale Price |
Yearly Taxes |
Year Built |
Appx Yearly Insurance |
Utilities |
|
South Broad Ripple |
Center |
46205 |
852 |
3 |
1 |
675 |
49,500 |
1099 |
1900 |
450 |
Tenant pays utilities |
| South Broad Ripple | ||
| Sale Price | $ | 49,500.00 |
| Loan Amount (based on 80% LTV) | $ | 39,600.00 |
| Interest Rate | 6.5% | |
| Actual Rent | 6.25% | |
| Loan payment | $ | 267.38 (amortized over 25 years with 5 year balloon) |
| Monthly Taxes | $ | 92.00 |
| Monthly Insurance | $ | 37.50 |
| Monthly Management | $ | 67.50 |
| Cash Flow per Month w/ Management | $ | 211.03 |
| Annual Cash Flow | ||
| Cash on Cash Return | 26% | |
| Down Payment Required | 9,900.00 (20% down required) | |
|
Property Location/Neighborhood |
Township |
Zip Code |
Sq. Footage |
Bedrooms |
Baths |
Monthly Rent |
Sale Price |
Yearly Taxes |
Year Built |
Appx Yearly Insurance |
Utilities |
|
Central, Bluecollar |
Center |
46201 |
1,112 |
3 |
1.5 |
685 |
42,000 |
656 |
1962 |
450 |
Tenant pays utilities |
| Central, Bluecollar | ||
| Sale Price | $ | 42,000.00 |
| Loan Amount (based on 80% LTV) | $ | 33,600.00 |
| Interest Rate | 6.5% | |
| Actual Rent | $ | 685 |
| Loan payment | $ | 226.87 (amortized over 25 years with 5 year balloon) |
| Monthly Taxes | $ | 55.00 |
| Monthly Insurance | $ | 37.50 |
| Monthly Management | $ | 68.50 |
| Cash Flow per Month w/ Management | $ | 297.46 |
| Annual Cash Flow | ||
| Cash on Cash Return | 42% | |
| Down Payment Required | 8,400.00 (20% down required) | |