OFF MARKET LISTING
360 Erie Dr.
360 Erie Dr. , Clarksville, TN 37040
360 Erie Dr. , Clarksville, TN 37040
OFFMARKET Property with Creative financing 5 years +
360 Erie Dr
Clarksville, TN 37040-6689
Build in 1996 and an amazing opportunity where everyone comes up, everything can be an opportunity in a not so great rate environment with Creative Financing. Off Market SFR with a 3b 2ba Clarksville TN for $255,000
Unit: 1 yr lease 9.1.23 - $1,325mo
Current Conv Loan with Rents Unit total of $1,325
Purchase/Sale Price $255,000
$255,000 - $75,000 = Difference $180,000
29% downpayment $75,000
1st Mortgage Loan amount - $86,910.53
1st mortgage payment - $431
1st Mortgage Annualized ($5,172)
1st mortgage Interest Rate 3.625% - 5 year balloon note.
2nd Mortgage Loan Amount - $93,089.47
2nd Mortgage payment - $461.56
Annualized ($5,538.72)
2nd Mortgage Interest Rate 5.95% IO- 5 year balloon note.
2nd Mortgage Annualized $11,208
Escrows: $157.35
Escrows Annualized ($1,888.20)
Total Payment - $1,049.91
Total Payment Annualized ($12,598.92)
Total Rents $1,325
Total Payment - $1,049.91
Difference positive $275.09
Difference Annualized $3,301.08
Prepayment penalty with step down (5.4.3.2.1)
Off Market listing
▪️ James Church
▪️ Lending & Real Estate Consulting
▪️ DMK Properties, Inc. | Advanced Credit llc
▪️ (c) 707.592.2777 (o) (949) 533-4393
▪️ [email protected]
🔸NMLSR ID#678483 🔸MLS ID#67505
1,152 Sq.Ft. LIVING AREA
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