706 Jamison Ave SE, Roanoke, VA 24013 Duplex
11.93% Cap Rate
Cash-on-cash return: 31.4%
Duplex 4 BR/ 2 BATH
SQFT: 1,825
0% Interest Seller Finance!!!
Contract Price: $190,000
All-in entry: $36,000 + closing costs (estimated to be $3,800).
Monthly Payment to Seller: $737
Insurance: $60
Property Tax: $130
Rent Revenue: $1,970 (Market rent: $1,070 (One unit is occupied at $900 MTM and the other is vacant)
Inspection Period: 10 days
EMD: $2,000 due post inspection
Balloon Payment: remaining balance due at month 60 (5 years)
30 day close, and financing contingency if needed.

Monthly Revenue: $1,043
Annual Revenue: $12,512
Cash on Cash Return: 31.4%
0% interest so every payment made during the balloon the next 5 years will go towards paying down the principal and building equity in the property. In 5 years you can choose to sell the property or refinance to pay the balloon.