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Subject ToTownhouse
๐ฅ SUB2 Deal in Newnan GA ๐ฅ๐ฅ Only $30k ENTRY ๐ต Financing Already in Place ๐ Turn-key Townhome in Amenity Community ๐๏ธ NO Pre-approval or Credit Check ๐ซ
Newnan, Georgia
๐ฅ NEWNAN GA CREATIVE FINANCE DEAL IS LIVE. Step into a like-new townhome in the amenity-rich SummerGrove community for just $15k down and no bank qualifying.
This one is built for creative investors and owner occupants who want in without the bank. A spacious 3 bed / 3.5 bath, 2,809 sqft end-unit townhome built in 2007, minutes from downtown Newnan and I-85 in the growing southwest Atlanta metro, available on a subject-to structure with the existing 6.625% loan already in place. Only $15k gets you controlling this asset right now, with no pre-approval and no credit check.
PROPERTY DETAILS:
๐๏ธ 3 Bedrooms
๐ 3.5 Bathrooms
๐ 2,809 sqft
๐ Built 2007
๐ 2-car rear-entry garage
๐๏ธ End-unit townhome in Highwoods at SummerGrove
๐ Community amenities: clubhouse, pools, tennis, lake, parks, and trails
๐ Newnan GA 30265, Coweta County, minutes to downtown Newnan and I-85
๐ $91.66/month HOA
DEAL BREAKDOWN:
๐ฅ $15k down + CC
๐ฅ $355k loan balance
๐ฅ 6.625% interest
๐ฅ $2826 PITI
๐ฅ $370k purchase price
๐ฅ No prepayment penalty
๐ฅ No balloon
OPPORTUNITY:
๐ธ Wrap to End Buyer
๐ธ Lease Option
๐ธ Move In / Occupy as Primary Residence
๐ See mortgage statement in 'Documents' below
A low entry, the existing 6.625% financing already in place, and a beautiul townhome in one of Newnan's most amenity-rich communities. Wrap it to a buyer who cannot qualify conventionally and collect the spread, set it up as a lease option and build in your exit, or move in and lock the rate for just $15k down. The financing and the product do the selling here. Do not sit on this one. First come first serve ๐๐
๐ Call 770-758-5654 for more info ๐
3 Beds
3.5 Baths
2,809 Sqft
2007 Built
Deal breakdown
- Entry fee / down
- $15,000
- Loan balance
- $355,000
- Interest rate
- 6.625%
- Monthly PITI
- $2,826
- Purchase price
- $2,500
Property details
- Property type
- Townhouse
- Deal type
- Subject To
- Year built
- 2007
- Square feet
- 2,809
- Lot size
- 4,356 sqft
- Bedrooms
- 3
- Bathrooms
- 3.5
- Location
- Newnan, Georgia
- ARV
- $385,000




































