3805 N Monterey Ave, Farmington, NM 87401
SUBTO 3.49% & Owner Carry! Owner Carry is 0%, ZERO payments for 10 years!
Address:
3805 N Monterey Ave, Farmington, NM 87401
Terms:
Purchase Price: $384,900
TWO Mortgages:
Mortgage 1 (1st position) - Take over Subto - PAID BY BUYER
Balance: 273,215
Interest Rate: 3.49%
PITI: $1,970.98
Escrow Balance $855.17
Balloon: April 1, 2035
Mortgage 2 (HELOC) - PAID by SELLER for 10 years (to be reimbursed upon sale of the property)
Balance: $73,167
Payment $744.24
Total Cash to Close: $39,497 (includes down payment, agent fees, assignment, transaction coordination, and cash to seller)
INTERESTED? FILL OUT THIS FORM
Property Highlights
Spacious and Comfortable Living:
This 4-bedroom, 3-bathroom single-family home offers 3,250 sq ft of living space and is perfectly situated in a peaceful cul-de-sac. Built in 1978, the home boasts a huge kitchen with ample storage, ideal for families or entertaining guests. Not to mention a POOL in the backyard!
Key Features:
Bedrooms: 4
Bathrooms: 3
Living Space: 3,250 sq ft
Kitchen: Oversized with abundant storage, perfect for entertaining.
Lot: Peaceful cul-de-sac setting with privacy.
POOL!
Why This Property Stands Out:
Unbeatable Financing Terms:
Enjoy a rare 3.5%% fixed interest rate, significantly below market rates.
Manageable entry fee of $39,497, covering all costs, including the down payment and fees.
Investment Opportunity:
Rental Market Potential: Farmington’s average rent for a 4-bedroom home is approximately $2,295/month, offering potential for positive cash flow.
Location Benefits:
Farmington, NM, is a growing market with steady demand, supported by major employers such as San Juan Regional Medical Center and industries like energy, healthcare, and retail.
Flexible Use:
Whether you’re an investor seeking a cash-flowing asset or a family looking for your dream home with affordable financing, this property checks all the boxes.
INTERESTED? FILL OUT THIS FORM
Disclaimer:
Buyer to perform all due diligence and underwriting. All property information is deemed reliable but not guaranteed. Verify all details, including zoning, rental income, and financing terms, before proceeding.
SUBTO 3.49% & Owner Carry! Owner Carry is 0%, ZERO payments for 10 years!
Address:
3805 N Monterey Ave, Farmington, NM 87401
Terms:
Purchase Price: $384,900
TWO Mortgages:
Mortgage 1 (1st position) - Take over Subto - PAID BY BUYER
Balance: 273,215
Interest Rate: 3.49%
PITI: $1,970.98
Escrow Balance $855.17
Balloon: April 1, 2035
Mortgage 2 (HELOC) - PAID by SELLER for 10 years (to be reimbursed upon sale of the property)
Balance: $73,167
Payment $744.24
Total Cash to Close: $39,497 (includes down payment, agent fees, assignment, transaction coordination, and cash to seller)
INTERESTED? FILL OUT THIS FORM
Property Highlights
Spacious and Comfortable Living:
This 4-bedroom, 3-bathroom single-family home offers 3,250 sq ft of living space and is perfectly situated in a peaceful cul-de-sac. Built in 1978, the home boasts a huge kitchen with ample storage, ideal for families or entertaining guests. Not to mention a POOL in the backyard!
Key Features:
Bedrooms: 4
Bathrooms: 3
Living Space: 3,250 sq ft
Kitchen: Oversized with abundant storage, perfect for entertaining.
Lot: Peaceful cul-de-sac setting with privacy.
POOL!
Why This Property Stands Out:
Unbeatable Financing Terms:
Enjoy a rare 3.5%% fixed interest rate, significantly below market rates.
Manageable entry fee of $39,497, covering all costs, including the down payment and fees.
Investment Opportunity:
Rental Market Potential: Farmington’s average rent for a 4-bedroom home is approximately $2,295/month, offering potential for positive cash flow.
Location Benefits:
Farmington, NM, is a growing market with steady demand, supported by major employers such as San Juan Regional Medical Center and industries like energy, healthcare, and retail.
Flexible Use:
Whether you’re an investor seeking a cash-flowing asset or a family looking for your dream home with affordable financing, this property checks all the boxes.
INTERESTED? FILL OUT THIS FORM
Disclaimer:
Buyer to perform all due diligence and underwriting. All property information is deemed reliable but not guaranteed. Verify all details, including zoning, rental income, and financing terms, before proceeding.
SUBTO 3.49% & Owner Carry! Owner Carry is 0%, ZERO payments for 10 years!
Address:
3805 N Monterey Ave, Farmington, NM 87401
Terms:
Purchase Price: $384,900
TWO Mortgages:
Mortgage 1 (1st position) - Take over Subto - PAID BY BUYER
Balance: 273,215
Interest Rate: 3.49%
PITI: $1,970.98
Escrow Balance $855.17
Balloon: April 1, 2035
Mortgage 2 (HELOC) - PAID by SELLER for 10 years (to be reimbursed upon sale of the property)
Balance: $73,167
Payment $744.24
Total Cash to Close: $39,497 (includes down payment, agent fees, assignment, transaction coordination, and cash to seller)
INTERESTED? FILL OUT THIS FORM
Property Highlights
Spacious and Comfortable Living:
This 4-bedroom, 3-bathroom single-family home offers 3,250 sq ft of living space and is perfectly situated in a peaceful cul-de-sac. Built in 1978, the home boasts a huge kitchen with ample storage, ideal for families or entertaining guests. Not to mention a POOL in the backyard!
Key Features:
Bedrooms: 4
Bathrooms: 3
Living Space: 3,250 sq ft
Kitchen: Oversized with abundant storage, perfect for entertaining.
Lot: Peaceful cul-de-sac setting with privacy.
POOL!
Why This Property Stands Out:
Unbeatable Financing Terms:
Enjoy a rare 3.5%% fixed interest rate, significantly below market rates.
Manageable entry fee of $39,497, covering all costs, including the down payment and fees.
Investment Opportunity:
Rental Market Potential: Farmington’s average rent for a 4-bedroom home is approximately $2,295/month, offering potential for positive cash flow.
Location Benefits:
Farmington, NM, is a growing market with steady demand, supported by major employers such as San Juan Regional Medical Center and industries like energy, healthcare, and retail.
Flexible Use:
Whether you’re an investor seeking a cash-flowing asset or a family looking for your dream home with affordable financing, this property checks all the boxes.
INTERESTED? FILL OUT THIS FORM
Disclaimer:
Buyer to perform all due diligence and underwriting. All property information is deemed reliable but not guaranteed. Verify all details, including zoning, rental income, and financing terms, before proceeding.
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