3 Bed 1 Bath in La Salle CO

3.8% Entry Fee in La Salle, CO

Seize this excellent investment opportunity in La Salle, CO, with a minimal entry fee of $15,000 and a competitive 4.625% interest rate. This turnkey property, built in 1904, is in good condition and offers 3 bedrooms and 1 bathroom within 1,584 square feet of living space. The property has an “as-is” value of $400,000, making it a valuable addition to any investment portfolio.

Property Info:

• Location: La Salle, CO
• Condition: Good, Turnkey
• Year Built: 1904
• Bedrooms: 3
• Bathrooms: 1
• Living Space: 1,584 sq ft
• As-Is Value: $400,000
• HOA: None
• Balloon Payment: None

Mortgage Info:

• Underlying 1st Mortgage Balance: $367,928.99
• Interest Rate: 4.625%
• PITI: $2,518.66/month

Financial Details:

• Entry Fee: $15,000 + Transaction Coordinator & Closing Costs
• Earnest Money Deposit (EMD): $3,000

Investment Highlights:

• Does Not Cash Flow as a Long-Term Rental: This property is not ideal for long-term rental cash flow.
• Potential Wrap: Potential to generate $400/month or more as a wrap.

This property presents a compelling opportunity for investors looking to leverage creative financing strategies. The attractive 4.625% interest rate and low entry fee make it an affordable investment, while the absence of HOA fees and balloon payments provide long-term financial stability.

The property’s potential as a wrap offers additional monthly revenue, enhancing its appeal as a profitable investment. With a solid “as-is” value of $400,000 and in good condition, this home is ready to generate returns immediately.

Secure this prime investment with a $15,000 entry fee plus transaction coordinator and closing costs. Take advantage of the competitive financing terms and explore the potential for profitable rental or wrap strategies in the thriving La Salle market.

Details

Property ID
SPSP-18582

Bedrooms
3

Bathroom
1

Property Size
1584

Entry Cost ($)
15000

APR (%)
4.625

PITI ($)
2518

Balance ($)
367928