Creative Finance (Sub-To) · 3BR/2.0BA · Grand Rapids, MI

About this deal

Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Grand Rapids, MI. Take over the existing mortgage payments and acquire the deed for $155,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.

The numbers

Cap rate

5.6%

Net operating income

$20,052/yr

Cash flow

+$1,671/mo

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