Take Over Existing Mortgage — Single Family in Gulfport, MS

About this deal

Creative finance opportunity in Gulfport, MS. Single Family located at 2909 13th St, Gulfport, MS priced at $110,000 on a subject-to basis. Take the deed and step into the existing financing. Seller is cooperative and timeline is flexible.

The numbers

Cap rate

7.9%

Net operating income

$19,548/yr

Cash flow

+$1,629/mo

Occupancy

33 of 47 units

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