Subject To Rental

This is a 4bed/2bath house we purchased on Thanksgiving 2024. We bought it with $25k down, put in another $5k in paint and appliances for a grand total of all in with the 2 Mortgages of $315k. The house was brought to us by a Wholesaler, the 1st Mortgage with the bank is for $51k and then the sellers are carrying $286k in equity with a 5yr Balloon. The total PITI payments between the 2 mortgages totals to $1641/mo. We just got this house leased out for $2,100/mo. After Management this house has $300/mo in cash flow. Solid neighborhood, solid house, you can check it out on Zillow, 163 Fairmont Ave Pocatello.