Sub 2 With A 3/1 ARM?

How do these #'s look?
sfh 3/1.75
comps 145000
loan = 133000 (just refied - 3/1 ARM)
PITI = 870
rent ? 950 -1100 ?
only 3yrs old and in HOT AREA
? 2000 walking money ?

Thanks,
Kelly

Comments(2)

  • JR_FL16th August, 2003

    Why walking money of 2K. But it looks good to me. I would put a short fuse for an exit plan if you are scared of the ARM

  • victorb21st August, 2003

    close on equity if you had to selll, but monthly good. As the other post said maybe try to talk down on the walking money. How far do you need to get them walking?

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