Feb 24 in Deal Analysis
Sub-To Deal Assessment
What are some aspects that you recommend me to check on the below Sub-To deal?
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Pre-foreclosure (Sub-To) Deal in East San Antonio, TX 78223
Property Details: 2020-Build SFH 1-level with 3 Beds 2 Baths, 1,265 sqft
Total Mortgage: 213k
Current mortgage balance: 162k
ARV (Est): 230k
Terms: PITI $1,297 @ 3.5%, around 27 yrs left.
Long-term Rents for SFH: Listed for $1,500 to $1,600.
Cash Flow Year 1: $200 to 300/month
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Total Cash Outlay to acquire: $24k / OBO ($3.5 to book contract)
Bank Reinstatement: $13k*
Cash to seller: $2.5k
Cash towards assignment: $8.5k
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Asked for the address details, photos of current state etc to verify the numbers and if it works, will go check in person.
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Sub-To Deal Assessment
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