• 1a. Single Family Deals Buy / Sell – North Texas

  Offer Sub2: San Antonio 78222, 3/2.5, $20K Entry Fee

  Posted by propshop_connector on 11 July 2024 at 5:36 PM

  Interesting Sub2 deal in San Antonio 78222!

  $20k ENTRY Sub assignment in San Antonio!! – AC will need repair/replacement. Property will need minor cosmetic touch-up for move-in ready.

  • San Antonio, TX 78222

  • 3bd / 2.5baths

  • 1,246 sqft

  • Year Build: 2017

  Monthly Debt Service: $148,006.52

  1st Lien: Mortgage

  • UPB (Unpaid Principal Balance): $141,844.24

  • PITI: $1,389.00 / month

  • Interest Rate: 7.125%

  2nd Lien: Partial Claim (non-interest bearing, silent second)

  • Balance: $49,162.28

  • No payments need to be made. Balance needs to be paid off when either: (1) First loan matures, (2) Property is sold outright and purchased with new financing, or (3) Refinancing

  HOA: $127/year or $10.59/month

  Proforma:

  • Standard Market rent: $1,700

  • Section 8: $1,840

  Cash to close: $20K (entry fee) + closing costs OBO

  • Entry fee includes: cash to seller, arrears, and assignment fee
    See more details at https://www.facebook.com/groups/457532828358713/user/100001374920829/

    Need more info? Send a private message or drop a comment with your questions.

  propshop_connector replied 3 months ago 1 Member · 0 Replies

  • off-market
  • offer
  • SFH
  • Sub2
• 0 Replies

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