We are reviewing this non-performing note in Florrisant, MO to purchase.
1st Lien UPB of $155,000 + 1 year rearages
$100,000 Purchase Price + Attorney Costs + Fees
$180,000 FMV
Currently reviewing this 4 bed/3 bath, 1756 sq ft property note for purchase! Area rent rate is $1700/month and monthly P&I payment $935. Owner is deceased.
Looking at foreclosing and selling on the market, possible net profit of $30-40k. Looking for a funding partner who wants to make an above average ROI for 12 months.