150 Givens St

Not Eligible For Financing Through Offer Market Capital

🔥 SUBJECT-TO INVESTMENT OPPORTUNITY | 150 Givens St, Madisonville, KY 🔥

💰 Purchase Price: $166,900
🏦 Existing Loan Balance: ~$136,000
📉 Interest Rate: 5.5% VA Loan
💵 PITI: $1,037.90/month
🏠 Estimated Rent: $1,500/month
📈 Projected Cash Flow: ~$462/month

🏡 Property Overview
• 3 Beds | 3 Baths
• 1,391 Sq Ft
• 7,840 Sq Ft Lot
• Built in 1970
• Single Family Home
• Currently vacant; utilities are off
• Roof approximately 5 years old
• A/C approximately 3 years old

💡 Creative Financing | Subject-To
Take over the existing mortgage subject-to its current financing, including a favorable 5.5% interest rate and no mortgage insurance.

• Existing mortgage balance: ~$136,000
• Loan maturity: 05/01/2055
• Entry fee / down payment: $31,000
• Entry fee includes late fees, reinstatement, and HVAC payoff
• EMD: $5,000
• COE: 10/01/2026

💰 Rental Potential
With estimated market rent of approximately $1,500/month against the existing PITI payment of $1,037.90/month, the deal is projected to generate approximately $462/month in cash flow, based on the provided projections.

⭐ Investor Play
This is a potential cash-flowing subject-to opportunity with a below-market 5.5% existing loan, long remaining loan term, and relatively recent roof and A/C updates. An investor could acquire the property through a creative financing structure and position it as a long-term rental.

🚨 Subject-to financing should be reviewed carefully by the buyer, including the existing loan terms and any applicable due-on-sale provisions.
 

⚠️ OfferMarket listings are third-party listings. For your safety, please use the "Talk to Seller" feature built into each listing. This allows our team to review communications and helps prevent scams on the platform.

Resources:

• Run the scenario through our Rental Property Calculator.
• Run the scenario through our Desktop Appraisal Calculator.
• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.
• Instant Insurance Quote: Protect your investment with our tailored policy in minutes.