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907 Fulton Rd NW, Canton, OH 44703, USA
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Investors are always asking if we have owner financed deals. They are not easy to come by. We have good news!
We were able to work out an Owner Financed Arrangement with the owner of this three unit property in Canton, Ohio. That's right! The owner is willing to be the bank. For a low cash down payment, you can own this 3 unit property in Canton.
Here are the terms of the loan:
Assignment Fee (Paid to FSV): $18K
Loan Amount: $45K
Down Payment ( 5% Paid to Owner at Closing): $2,250
Interest Rate: 5.5% (Wow!!!)
1st Payment Due: 30 Days After Closing
Payment Amount: $243 Per Month
Term of Loan: 5 Years
Balloon Payment: A balloon payment of all unpaid principal is due on December 30, 2027.
Amortization: Installment payments shall be amortized over 60 months.
To Summarize: For only $20,250 (5% Down + Assignment Fee) in cash, you can own this 3 unit property with an ARV of ~69K-$92K, capable of producing $2,140 per month. When fully occupied, this property should be producing a 46.5% Cash-on-Cash Return. At the end of the 5 year balloon period, our projections show this property, if fully occupied, should produce a 95.0% ROI. What a deal!
These don't come along every day. Don't delay. It won't last long.
Have a Great Day!
Take advantage of this great investment opportunity and easily add these three units to your portfolio!
Located in Canton, Ohio in a Solid C Class neighborhood. With a 34.72% Pro Forma Cap Rate it could potentially bring in $28,680/year, when fully rented!
This three unit property consists of one - 3 bedroom / 1 bath unit, one - 2 bedroom / 1 bath unit and one - 1 / bath loft studio apartment with kitchen. Utilities costs were split with the owner. Plumbing piping was recently replaced, including the main stack and main line to curb. New furnace and water heater. Washer and dryer hookups on the 1st floor. Some sheetrock repair needed due to the plumbing stack repair. Owner purchased it for his daughter during college, but she recently graduated.
Conveniently located minutes away from several schools, restaurants, and major corporations.