3161 Cherry Ave, Groves, TX 77619

Single Family

Property Status: Available |  For Sale: $75,000.00

Property Photos
3161 Cherry Ave (Image - 1)

Mortgage for Sale: 14.5% Annual Return for ~8.5 years

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $75,000.00
Property Details:
Single Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Individual Owner
Property Features:
No Property Features Listed.
Contact Info
Property Description:
Available for $75k, this performing note was created in January of 2021 with a 10-year term, ~90 payments remaining.
The $943 monthly payments yield a 14.5% cash-on-cash return annually.
Borrower has been paying regularly. Taxes & Insurance are paid by borrower. Servicing costs ~$50 monthly.
At an ARV of ~$125k there is equity.

This is easier mailbox box money than rent!
If interested, please contact me at (510) 910-3951. I will happily explain to you how easy it is to get this return.
- Bill

Legal Disclaimer:
Alamo Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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