5 bed / 3.5 bath | 6227 Sq/ft | Full Finished basement | Built in 1914 | Mckinley Schools
Unique Opportunity!!! Read details below
By owning this home you save $1600 every month compared to renting after deductions!
Down payment with MHDC grant $2500
Monthly payment: $1580-$1100 cash flow = $480
Must Meet These Requirements:
-We are looking for someone who wants to become a homeowner
-Full time employed, collecting VA, or Soc. Sec. for the last 2 years without any major gaps
-Income over $5,000 a month
-No Bankruptcy, Foreclosure or Car repo last 3 years
-No section 8
-Credit score at least 620 FICO or 580 for Vets – Go to creditchecktotal.com to get your real FICO score it’s $1 for 7 days. Then provide your log in, password, and last 4 of ss# for review.
The property has 3 separate units, 2 are leased with stable tenants and you would live in the master double suite of 1200 sqft. including sole use of the back yard and garage.
$1580/m monthly mortgage payment
-$650/m 100% section 8 tenant
-$450/m Office space with architect tenant
=$1100 cash flowing
So you would only need to pay about $480 a month out of pocket, while the tenants pay down your mortgage.
Comes with a one year Home Warranty to cover the costs of repairs.
CLICK HERE TO SCHEDULE A VIEWING.
