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1307 S Kentucky Ave, Sedalia, MO 65301
We are assigning our contract on this Handyman Special. You can buy this on an exact wrap taking over the sellers underlying mortgage. This house will rent for $850 to $950 once fixed up, and the current mortgage payments are only $428 PITI. That’s a $400 to $500 cashflow every month.
Price & Terms:
This house will be worth up to $90k once fixed up, and you can buy it at a MASSIVE discount and also get the financing in place.
- This sale will be an exact wrap of the sellers underlying mortgage with the following terms:
- Balance of Mortgage = $14,574
- Total Payment = $428.06 including taxes
- Down Payment: We are asking $8k down for our assignment fee. (The highest assignment fee offered gets the house)
Property Details:
- Size: 1,457 sf (as per tax records)
- Lot Size: 5,888 (as per tax records)
- Built in: 1920 (as per tax records)
- Beds / Baths: 3 bed 2 bath (maybe 4 beds)
- Occupancy? Vacant on a lockbox. Call or text for access.
- Condition:
– Count on needing a full rehab
– Ceiling caved in on part of house, and we are unsure of the condition of the roof.
Comps:
- $44k- 914 S Osage Ave, livable and clean’ish not updated
- $58k- 314 E 10th St- older similar style- great condition
- $61k- 914 W 5th St- Perfect comp. Same house, but a little smaller. FULL RENO
- $95k- 1218 S Sneed Ave- Newer house- Full Reno, only 2 bedrooms.
How To Buy
Step 1: Submit This Form To View House
Frequently Asked Questions:
How Much Down Payment Do I Need? Since we have a lot of people applying for our homes, the larger the down payment you have the more likely you are to be chosen for this home. (This down payment will apply to the purchase price).
How Fast Can I Move In? You can be in the home in as little as 7 days.
Can I Buy The Home With No Down Payment? No. Even if you have really good credit, bank mortgages still require you to put 3% to 5% down. The more you have to pay or trade, the higher your chance of being accepted, and the better your terms.
Do I need to have good credit? No. What the owners are looking for is a family that: has a good stable job history, can afford the monthly payments, and can afford to put money down towards the purchase of the house. Once you are in the house, you will then have time to work on your credit.
ATTENTION: PLEASE READ OUR TERMS
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