Executive Summary – Contract for Deed Pool
We have six Contract for Deeds located in Dayton, OH, and Gary, IN. Three of the assets are performing and three and non-performing
The strike price for the 6 assets is $103,500. The seller will pay any taxes due and billed within 30 days of the closing. Seller will represent and warranty clear title to the assets. Any closing costs (escrow, title policies etc.) incurred will be the responsibility of the buyer.
The collective unpaid principal balance on the five Contract for Deed properties is $189,000. The value for the set of six properties is $239,000. The strike price for the pool is $103,500. The asking price is reflective of the current property condition and a discount due to the value of the delinquencies.
|Address||City||ST||Int Rate||Term||Total Area||B/B||Status||LC Sale Date||Strike Price||Gross/Mo.||Net/
|2313 Eastview Ave||Dayton||OH||10%||30||1515||4/1||DQ||06/03/2014||$20,200||$550||$350||$45k|
|911 Ferndale Ave||Dayton||OH||10%||30||1745||4/1||DQ||08/17/2011||$14,600||$600||$360||$80k|
|339 Illinois Ave**||Dayton||OH||NA||30||1050||3/1||Lease||$24,100||$550|
|715 Tyson Avenue||Dayton||OH||NA||NA||1544||3/1||Vacant||$10,300|
|3378 Connecticut||Gary||IN||10%||30||700||2/1||New CFD||05/19/2018||$17,500||$445||$330||$37k|
|3864 Maryland St||Gary||IN||10%||30||1056||2/1||New CFD||04/03/2018||$16,800||$445||$279||$32k|
We have recent pictures of the subject properties available for review. Please see the property detail comments appear below.
715 Tyson, Dayton OH – Fire at this property has damaged the building. Property requires extensive repair work.
3378 Connecticut, Gary, IN – New Land Contract in place. First payment is not yet due.
3864 Maryland, Gary, IN – New Land Contract in place. First payment is not yet due. The new borrower is making plans to address the roof, paint and debris.