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Invest in fractions of rental properties
Category:
House / Single Family FOR SALE:
Ad Number:
2768818
Date Posted:
more than 1 month ago (Not Renewed)
Description:
5899 Stonewall DrHarrison, Tennessee 37341 🔥Invest in fractions of rental properties🔥  The property has a loan balance of $138,500 and the lender has approved the owner to sell their equity. The loan documents can be viewed here. The seller must continue to make monthly payments on their loan balance, as the lender has first lien on the property. Investors on Lofty do not pay a portion of the debt payments. The Rental Yield of 10.75% is based on the value of $154,950 (Total Investment Value - Debt). As the seller pays down their debt over time, their equity percentage in the property will increase and the equity percentage of Lofty investors will decrease proportionally. As a result, the Rental Yield for investors on Lofty will decrease as the debt is paid down. The Rental Yield once the loan is fully paid off is projected to be 5.7%.
State > County:
Tennessee > Other areas
City:
5899 Stonewall Dr Harrison, Tennessee 37341
Street Name:
5899 Stonewall Dr
Zip Code:
37341
Allowed Uses:
check mark Residential Office Factory
Restaurant / Lounge Retail Warehouse / Storage
Unit Features:
Air Conditioning Alarm System Cable TV
Flooring Furnished Panoramic View
Pets Allowed Stove / Microwave Washer / Dryer
Community Features:
Barbeque Pit Boating Clubhouse
Fitness Area Gymnasium Minimart
Playground / Park Security Spa / Jacuzzi
Squash Court Swimming Pool Tennis Court

Posted By:
Name:
mike bryant
Country:
United States
Email:


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Invest in fractions of rental properties FOR SALE from 5899 Stonewall Dr Harrison Tennessee 37341 Tennessee
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