$140K amortized over 20 yrs at 8% with a balloon at 3 years; Buyer would like to pay earlier so a shorter payoff is possible.
Buy-in is $125,000.
Hypothetical Scenarios:
o If buyer were to pay off balloon at 3 years, investor will have collected $172,521.98
o ($1175 x 36 months = $42,157) + the payoff amount of $130,365.40
o Net Return after 3 years = $172,521.98 – $125,000 = $47,521.98
• If buyer were to pay off balloon at 6 month, you will have collected $145,567.82
• ($1175 x 6 months = $7,026) + the payoff amount of $138,549.92.
• Net Return after 6 months = $145,567.82- $125,000 = $20,576.02
If interested, Please contact Sergio at PangeaREI@gmail.com.
Hello Czarina:
I am in Beavercreek. Looking forward to the meetup.
Sergio
