- $45,990 total profit to investor
- $5,915 net cash investment from investor
- Net monthly cash flow: $955
Status:
Funded: 8/12/2020
16020 W Sherman St, Goodyear, AZ 85338
Target Performance
PREFERRED RETURN 10.00%
Seller Financing Buyer Overview
- This is a father and daughter purchasing who needs seller financing.
- The father owns an automotive detailing company. He is married but is wife will not be on this transaction.
- The daughter is a nurse.
- They cannot qualify for traditional financing because of the father’s self-employment / lack of sufficient reported income.
- The buyer’s ability to pay and funds to close have been verified.
- Buyers are providing a $61,685,000 down payment.
Investment Terms
INVESTMENT PRCHASE PRICE
$371,800
SALES PRICE TO SELLER FINANCING BUYER
$371,8000
INVESTMENT INTEREST RATE ON BORROWED FUNDS
4% - 6%
INTEREST PAID BY SELLER FINANCING BUYER
7.5%
INTEREST RATE SPREAD
1.5% - 3.5%
TARGET RAISE
$67,600
TARGET LOAN OBTAINED
$270,400
TARGET CLOSE
6/30/20
FUNDS DUE
6/16/20
MINIMUM INVESTMENT
$67,600
AMOUNT RETURNED TO INVESTOR (AFTER FINANCING OBTAINED)
$61,685
INVESTOR CASH INVESTMENT
$5,915
INVESTMENT PERIOD
3-5 years
DISTRIBUTION SCHEDULE
Monthly
Property Overview
ADDRESS
16020 W Sherman St, Goodyear, AZ 85338
PROPERTY TYPE
Single-Family
PROPERTY CLASS
A
TOTAL UNITS
1
SQUARE FEET
3,112
NO. OF STORIES
2
YEAR BUILT
1997
Photos of Investment
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