- CREDIT INVESTOR partnership opportunity
- Partnership interest: 50/50
- INVESTMENT PERIOD: 7 years
- Our seller financing buyer found this home and is ready for us to make an offer.
Status:
Funded: 9/11/2020
40808 N Peale CT, Anthem, AZ 85086
Target Performance
CREDIT INVESTOR TARGET PERFORMANCE
$70,109 total profit to investor (50% of gross profit)
$890 Net monthly cash flow to investor (50% of investment cash flow)
$43,300 gross investment required, plus $337,500 mortgage obtained in investor’s name
$21,650 net investment from investor (after company match returned to investor)
3.625% Investment interest rate on mortgage obtained
7.99% Interest paid by seller financing buyer
= 3.865% interest rate spread
$1980 Monthly cash flow (gross income minus mortgage payment)
Seller Financing Buyer Overview
- This seller financing buyer is currently renting this home.
- They have an agreement to purchase but can’t quite qualify right now
- Our seller financing buyers are in the real estate industry, experienced in home renovations
- This buyer has sufficient funds for a 10% down payment and closing costs
- This buyer has signed their Agreement to Terms and has provided their $5,000 deposit (held in our Trust account)
Investment Terms
$420,000 INVESTMENT PURCHASE PRICE
$462,000 SALES PRICE TO SELLER FINANCING BUYER
=$42,000 profit from price increase
Target performance is based on 5-five hold period
Property Overview
This is a very nice rental home! Pool & Landscape maintenance by Landlord. Quite oversized Cul-de-sac view lot w/in walking distance of K-8 school & grassy park. Heated Shasta pool over 6' deep w/upgraded plaster, in-floor cleaning, fiber optics & therapy jets. Huge outdoor turf area adjacent to pool & sidewalks on both sides of property. Extensive 4.5'' shutters, upgraded diagonal stone tile in all the right places, newer upgraded carpet in office, raised panel cabinets, Corian, gas range, fridge, washer & dryer. Bose surround sound, thermal break low-E windows, office glass doors, FR entertainment center, soft water, security, 4/15 water heater, newer A/C unit, Casablanca fans, laundry cabinets, patio TV, gas BBQ stub, 2 sheds, extended patio & well-done landscape.
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