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Foreclosure of the Week: Condo in Inglewood with Astronomical Return!

Foreclosure Deal of the Week

Condo in Inglewood – Buy for Less than 100K!

244 N Locust Street, Unit 1

2 Bed / 2 Bath
Asking Price $92,500

Nice, small complex in quiet part of Inglewood near all services. Hurry, as this property will not last long on the market. Property qualifies for HomePath financing.

With HomePath financing, you can put down as low as 10% as an investor. This gives you the opportunity to purchase the property at a lowest investment, and also leaves room for more leverage. And this is a

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great entry level property for all investors, given its lower price point.

Projected Rental Scenario:
Purchase Price: $92,500
Down Payment: $9,250
Loan Amount: $83,250/span>

Monthly Expenses
Loan Payment: $1,126
Taxes (Est.): $52
HOA Dues: $150
Insurance: $25
Maintenance/Misc $50
Expenses Total: $749

Repairs (Est.): $5,000

Profit
Rental: $1,100
Profit: $351
Plus Principal: $452/month profit
Annual Profit $5,424

As a Percentage of Downpayment: 38%

This is an amazing return potential.

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This will sell fast – contact me for more information or a showing today!

This is just one of the best foreclosures of the week. Do you want see more great foreclosure deals and the best investment property opportunities on the market? Sign up below!
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