Sub-To Deal with $75K Equity & $925 PITI – Griffin, GA!

3 Beds / 2 Baths • 1,147 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2
  • 1990
  • 1147
  • 1147
  • No Garage

Description

Property Address:

117 Little Big Horn Rd, Griffin, GA 30223

Property Overview:

Description: 3 bed / 2 bath single-family home with solid equity and low monthly payments. Layout and lot size are consistent with neighborhood comps. Roof is under 10 years old. Delivered vacant at closing.

Condition: Well-maintained

Occupancy: Vacant at closing

Deal Details:

Acquisition Type: Subject-To Existing Financing

Existing Mortgage Balance: $133,000

Total Entry Fee: ≈ $20,000

PITI: $925/month

Rental Potential:

Market Rent Range: $1,350–$1,500

Conservative Rent: $1,350

Cash Flow Spread: $425–$575/month (before reserves)

Comparable Sales:

Comp 1:

110 Little Big Horn Rd, Griffin, GA 30223

3bd / 2ba | 313 sqft larger

Sold: $222,000 (Nov 2024)

Estimated Market Value: $215,000–$225,000

Built-In Equity: ≈ $75,000

Exit Strategies:

  • Rental Hold – steady cash flow + strong equity position
  • Lease Option – collect $8K–$12K option fee, raise rents ($1,600+ achievable)
  • Wrap Note – resell with terms for monthly arbitrage
  • Future Refinance/Sell – capture equity & appreciation

nvestor Takeaway:

  • Secure low PITI of $925 vs today’s market financing (~$1,450 PITI @ 7.5%)
  • Step into ≈ $75K built-in equity
  • Multiple profitable exit strategies
  • Delivered vacant at closing

Estimated Spread

  • ARV $225,000
  • Spread $225,000

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