performing note for sale Gary Indiana
I have this brand new note in Gary, available now. Note is performing, a secured buy, 1st position note (would be 1st lien on the home), the property is occupied.
3217 Kentucky St. Gary, IN 46409
- 3 bed / 2.5 bath
- Size: 2,340 sqft / Lot size: 4,182 sqft
- Purchase price: $29k over 10 years with $1k down
- Monthly payment: $558.35 for 120 months
- Current Note Balance: $27,441.65
Current Note Balance...
Your original balance is the purchase price: $29k - your down payment, which is $1k = $28k
So, your original balance of $28k - $558.35 (1 monthly payment made so far) = $27,441.65 which is the current balance
I'm looking to sell this note for a discount and get you 20-25% equity in the property...
$27,441.65 x 0.25 = $6,860.41
$27,441.65 - $6,860.41 = $20,581.24 (which would be my price to you, at 25% discount)