Help with first sandwich lease opportunity

Posted on: Mon, 11/07/2011 - 22:50

ashley0121

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Help with first sandwich lease opportunity

First sandwich lease opportunity
3/4 bedroom. 1 bath on slab
Outdoor kitchen
Fmv. 110k
Payoff. 97k
Note (includes taxes and ins). $797
Average area rent. $800-$1100
Owner 3 months behind on note. $2400
Is this worth the effort??

Need advice on the numbers

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by ashley0121
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Posted on: Thu, 11/10/2011 - 07:11 #1

DaveD

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If you're going for

If you're going for a large payoff when they seller buys the property from you a year or two down the road then I'd say probably not, since equity is only 13k.

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Help with first sandwich lease opportunity

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