480 Charleston Lane (SOLD)

Outstanding positive cash flow duplex in good area with good schools. All brick duplex. Rental income of $1,375 per month. No need for bank financing! Can be purchased as a subject-to deal! Can be purchased for under $6k cash.

Outstanding loan balance is approximately $113,996. Tax appraised value is $169,000. Loan payment P&I is $824.98. The mortgage is a 30 year fixed with a 7% interest rate.
Side A – Rented $725
Side B – Rented $650
Insurance is only $655 per year.
Taxes are $2,475
Finders fee is $2.5k paid by the buyer.
Behind two months on mortgage payment.
FMV on duplexes in this neighborhood $130k to $160k on 480 Charleston Lane