Subject-To
Creative Finance (Sub-To) · 3BR/2.0BA · Hammond, LA
300 E Thomas St, Hammond, LA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMixed-use
Units4
Beds / baths2 / 2
Living area4,229 sqft
Lot0.17 acres
Year built1982
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Hammond, LA. Take over the existing mortgage payments and acquire the deed for $80,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 5.7%
- Net operating income
- $23,184/yr
- Cash flow
- +$1,932/mo
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.