For Sale: Low Money Down Rental Opportunity

FOR SALE: If interested complete free application and talk to Chad
Purchase requires a $500 hold deposit.
This deposit will be applied to down payment at closing.
After deposit is received buyer will sign the purchase agreement
Closing will be held locally.
$2500 will be due for down payment
1st payment will be due at closing, then on the 1st of the following month
Buyer pays closing costs ($750) at time of closing
General Information:
This is a great opportunity to own a rental with little money down and build sweat equity. Wealth and freedom come from rentals - this one would be a great addition to any portfolio. All the expensive items for a remodel are done, the buyer just needs to do cosmetic repairs. Some simple efforts will create instant cash flow and equity.
House condition:
Good-
roof, furnace, hardwood floors, windows, bathroom.
Needs-
Kitchen flooring
I would recommend converting to a 2 bedroom or even 3 (Chad can explain)
Paint, refinish family room floor, general cosmetic repairs
Purchase terms: $69,900 (the value after repairs "ARV" is $110,000)
$3000 down payment
$574.33 monthly principal and interest payment
- Based on $66,000 balance amortized at 9.9% over 30 years
$149 monthly taxes and insurance escrow ($99 taxes and $50 insurance)
$723.33 total monthly payment