Take Over Existing Mortgage — Single Family in Carlsbad, CA

About this deal

Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Carlsbad, CA. Take over the existing mortgage payments and acquire the deed for $200,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.

The numbers

Cap rate

6.7%

Net operating income

$31,884/yr

Cash flow

+$2,657/mo

Occupancy

2 of 3 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.

Who can make an offer

The seller only takes offers from buyers who meet these requirements.

• Intermediate credibility level or higher