Unique off-market opportunity offers a 70-90% annualized cash-on-cash return, $1,482/mo free cash flow, principal paydown on existing loans and possible tax benefits (consult with your CPA) plus levered appreciation potential on a house in immaculate condition appraised at $1,400,000.
Property Overview
- Address: 10605 Ladera Drive, Lone Tree CO 80124
- Estimated Market Value: $1.4M
- Condition: Immaculate – no repairs needed
- Walnut flooring on main level ($50k)
- Kitchen is 15% larger than standard kitchen, same house model ($40k)
- Expanded and upgraded laundry room ($20k)
- Upgraded electric for future install of solar/storage batteries + 240K electric vehicle outlet in garage ($12k)
- Backyard is the largest backyard in the entire Montecito neighborhood. Back porch was expanded into a ‘Colorado’ room and concrete extended out from there for additional seating area ($45k)
- Unfinished basement offers value-add opportunities; entertainment center, additional BR’s and more!
Capital Structure
- Sub-to or Wrap VA loan: $772k @ 2.75%
- Sub-to or Wrap HELOC: $89k @ 7% variable
- Cash to Acquire:$349k
- $29k assignment fee
- $50k down
- $270k balloon, payable in $45k installments over 6 months
- Current Lease-Option tenants positioned to re-purchase at full market value within 6 months
Monthly Cash Flow
- Rental Income: $6,000/mo
- Tenants handle all repairs
- Loan 1 PITI: $3,399
- Loan 2 PI: $879
- HOA: $210
- Payment Processing Fees: $30
- Net Rental Income: $1,482/mo
Summary of Benefits
- Low-risk entry with seller finance – all asset based, no personal guarantees required!
- No bank fees, no agent commissions, no rehab headaches
- Immediate rental income with high quality tenants already in place
- Lease-Option Tenant handles all repairs and maintenance under $1,000
- Instant equity position @ $190k
- Lease-Option Tenant has pre-approval to purchase within 3-6 months – No listing needed!
Questions? Considering an offer?
Call (720) 740-2575 or grab a slot on Mike’s calendar:
https://calendly.com/mike-realprohomebuyers/30min
DISCLAIMER: Advertiser, as Seller/Assignor, may or may not currently have title to the property being marketed and may instead be marketing an equitable interest in the given property. Seller/Assignor is a real estate investment firm and does not claim to be a licensed real estate agent or broker. All information contained herein is thought to be true and accurate but Seller/Assignor makes no guarantees or warranties, express or implied. Property values and related details provided are opinions of the Seller/Assignor and should not be acted upon as anything more than an opinion provided as a courtesy. The property is being offered “as-is”. Buyer pays all closing costs and is responsible for their own due diligence to verify all information required to make a purchase decision.