This home offers an assumable Rocket Mortgage loan with an incredible 2.99% interest rate!
The loan assumption price is $160,000, with $30,000 down and an assumed loan balance of $130,000. The current monthly payment is approximately $1,383.00, which could be reduced further with a Homestead exemption and an improved insurance policy.
This is 7123 Cloverfield Ln, unlock the potential in this 3-bedroom, 2-bath ranch-style home with good upside! Perfect for investors, handy homeowners, or anyone looking to build instant equity through some light renovation. A 1966 classic features solid bones and key big-ticket items already taken care of. Roof (10 years old), paid-off solar panels (6 years old) keeping energy bills low, a 3-year-old HVAC system, and a replaced sewer line (7 years ago). The 2-car garage offers great storage or workspace potential, and there's even a chicken coop that can stay or be removed depending on your vision. With cosmetic updates you can easily bring this home back to life. The after-repair value is north of $200K and current rents in the area range from $1,375-$1,550, offering strong investment potential. Let me know if you have any questions. Whether you're looking for your next flip, rental, or sweat-equity home, 7123 Cloverfield Ln is ready for your vision. Property is being sold as-is.