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:
1-Story
Year Built:
1962
Finished Sq Ft:
1,112
Basement:
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
DO NOT ATTEMPT TO CONTACT THE HOMEOWNER.

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.

Contact Us

Alamo Real Estate Investors Association

P O Box 1563
Humble, TX 77347
(210) 405-8310

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.AlamoREIA.org  (Alamo Real Estate Investors Association) does not give legal, tax, economic, or investment advice. Alamo REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2022 © Alamo Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.