Most of these HUD Owned Homes can be absolutely STOLEN right now. These homes are generally priced extremely well so that they can be sold very quickly. If you are an owner occupant you can buy some of these homes for $100 down payment. Click the link to learn more.
The home pictured here originally sold for $137,000 in June of 2007. The Public Remarks in MLS state that this homes is a single story, traditional style home built in 2002. It has natural gas heat, central air, and sits on level lot. The home features 3 bedrooms, 2 baths, a deck, and 2 car attached garage. Approx. 1325 heated sq.ft. The property may be eligible for $100 down program, ask your agent for details.
If you are an investor you can buy these homes and keep them as rental property. See my blog post titled “bank owned properties are money makers” for additional information. The home pictured here would rent for $900 a month or $10,800 a year. The home could be bought for probably $65,000. The down payment would be 3.5% or $2275. The payment on it if it were bought with a FHA Loan, given a 30 year amortization, would be less than $500 a month which includes taxes and insurance. This would allow $400 a month to apply toward principal reduction. The home would be paid off by the end of 2019. In 8 years this home will probably be worth over $130,000. The investor in this scenario would have a $130,000 asset sitting out there that is paying them at least $900 a month. The rent amount will adjust up for inflation.
There is another HUD based program that allow Teachers, Fire Fighters, EMT’s, and Law Enforement Workers to buy a HUD Home for 50% of what it is listed for!! There is a $37,000 home in this list of 13 homes that a Teacher, Fire Fighter, EMT, or Law Enforement Worker will be able to buy for $18,500.
Please call or email me if you would like the most up to date list of HUD Homes for sale. My email address is CodyBurnettRealtor@gmail.com. My phone number is 479-640-8375.
See the stats for the HUD Owned Homes in Bentonville, Arkansas School District and Rogers, Arkansas School District.
Market Analysis Report
|School District||Bentonville , Rogers|