1048 Eagle Canyon Dr, China Spring, TX 76633
KEY INFORMATION
5 bd
3 ba
3,041 sqft
87,556 sqft / 2 acre lot
1993 build
No HOA
TERMS
Total Purchase Price (including assignment): $597,341.
37
Entry fee: $39,900 + CC + TC
-Cash to seller and agent: $28,760 (includes $3,418.
01 to fulfill negative escrow balance, then reducing PITI)
-Assignment: $11,140
Seller financing: $53,904.
00 - $277.
26/mo @ 3% with balloon of $41,205 in 10 years
-Automatic 6 month extensions until buyer has at least 30% equity in the property
EMD: $5000
COE: 2/2/2024
SUBTO INFO
Mortgage balance: $493,537.
37 @ 6.
25%
PITI: $3,751.
54
Will be reduced to ~$3,300 upon fulfillment of negative escrow balance
RECOMMENDED EXITS
LTR - $4,500 (agent reported rents based on local PM)
STR - $4,500 - $6,000
Rent by room (5 + Rooms with 2 acres to add parking)
Wrap
OTHER NOTES
-No repairs needed, roof replaced 3-4 years, HVAC recently serviced and in good condition
-Great schools ~4mi away, 15mi to Baylor University
-6mi to Waco Regional Airport, 13mi to downtown Waco
Entry fee: $39,900 + CC + TC
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