Dan Kaercher

Dan Kaercher

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Closed

$499,900

($579,241 down)
FHA

11268 Roswell Avenue, Pomona, CA 91766

2
1
884 sqft
PITI Monthly
$1,223.75 /mo

Listing courtesy of: Pierre Maajoun, RE/MAX MASTERS REALTY

Assumed Rate

10.77%
7.15%

Principal & Interest

$983 /mo
$710 /mo

What's Special

INVESTORS
LOCATION
SHOPPING
PUBLIC TRANSPORTATION
INVESTMENT OPPORTUNITY

INCREDIBLE INVESTMENT OPPORTUNITY IN POMONA! ZONED IC WITH ADDITIONAL UNIT POTENTIAL! Welcome to this 2-bedroom, 1-bathroom home built in 1943, ideally situated on a functional lot in the heart of Pomona. The property boasts a generously-sized lot with a detached garage at the back. Investors, take note of the fantastic IC (community industrial) zoning, offering the possibility for light industrial use. Please verify the potential use and zoning with the city/county to unlock its full potential. Perhaps use as a construction equipment lot, warehouse site, or transportation services? Though the property requires some tender loving care (TLC), its abundant potential makes it a true diamond in the rough. The roof is less than 10-years old. The location is highly desirable, providing easy access to major freeways, proximity to shopping centers, parks, restaurants, and public transportation options. Take advantage of the potential this property holds and turn it into a lucrative investment in one of Pomona's most promising communities. Act quickly as opportunities like this are rare!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
10.77
Remaining Loan Term
Loan term completed
Monthly PITI
$1,223.75/mo
Estimated Loan Balance
$0
Cash to close
$579,241
Interest Paid
$248,657

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: CentralAir
  • Heating: WallFurnace
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Cesspool
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1943
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Suburban
HOA
  • Has HOA: No
Location
  • Region: Pomona

Financial Details

  • Price per Sqft: $565.5
  • Tax Annual Amount: $
  • On Market Date: 2024-08-14T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $579,241 (116%)
You can enter any amount below - secondary financing will cover the difference if needed.
116%
$

You cover the entire equity of $579,241!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage10.77% Sellers Rate
-$79,341
Your Cash:$579,241
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 10.77%
$983/mo
Traditional @ 7.5%
$736/mo
You save $-246/month ($-2,956/year)

*Secondary financing rates are an estimated value based on input

MLS ID: CV24141798

Listing From:

Last updated: 2024-11-20T15:58:47.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

10.77%
7.15%

Principal & Interest

$983 /mo
$710 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $579,241 (116%)
You can enter any amount below - secondary financing will cover the difference if needed.
116%
$

You cover the entire equity of $579,241!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage10.77% Sellers Rate
-$79,341
Your Cash:$579,241
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 10.77%
$983/mo
Traditional @ 7.5%
$736/mo
You save $-246/month ($-2,956/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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