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Cant afford it

Wheaton Area Investment Property

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Property Information

Status: Available
Lead Type: Motivated Seller
Property Type: Condo
Square Footage: 900
Bedrooms: 2
Baths: 1
Garage: 1
Pool: Yes
Occupied: Yes
Listed / Realtor: No

Property Location

Market: Chicago
Street Address: Create FREE Account or Login
City: Wheaton
State: Illinois
Zip Code: 60189

The Numbers

This information was provided by the owner. All figures, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs, are estimates. Please do your own due diligence. Leads with little to no equity can be ideal candidates for creative buying strategies.
Est. After Repair Value (ARV): $165,000
minus Seller's Asking Price: $140,000
minus Estimated Cost of Repairs: $2,500
equals Total Equity of: $22,500
Possible Short Sale: Judging by the equity spread this lead may be a prime short sale opportunity.
1st Mortgage Balance: $71,000
1st Mortgage Rate: 3.125
1st Mortgage Payment: $680
2nd Mortgage Balance: $24,000
2nd Mortgage Payment: $24,000
Behind on Payments?: Yes
Amount Behind: 2300
How Seller Determined ARV: Create FREE Account or Login

Seller Information

Seller Name: Create FREE Account or Login
Contact Phone: Create FREE Account or Login
Contact Email: Create FREE Account or Login

Seller's Comments

Why Selling

Cant afford it

About Repairs

Needs new carpet, railing for hallway, touch up painting, washer/dryer

No Picture Available.

Investor Tip: Target properties like this that DO NOT have pictures. Most other investors ignore them, so the sellers get fewer calls, fewer buyers, and they therefore have fewer options. The end result is that you can usually get the best deals on the properties that don't have pictures.

Why don't all properties have pictures?

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