Beautiful Home In Colorado Springs near Schriever and Peterson AFB

This gorgeous home is located at Fontaine and Marksheffel Roads. It is well situated with quick access to Fountain and Colorado Springs. It is conveniently accessible to the east gate of Peterson AFB. It is just off the main access road to Schriever AFB and is a quick drive to Fort Carson.

The home was built in 2004 and is in like new condition. It has all the amenities � air conditioning, central heat, water softener, all appliances (including washer and dryer), 3-Car attached garage, and a HUGE back yard! It also includes a WALK OUT BASEMENT! The first floor is 965 square feet, the second floor is 1022 square feet, and the unfinished basement is 912 square feet. It has 4 bedrooms and 3 baths plus a roughed in bath in the basement. The home is nicely landscaped and fully fenced with a cedar privacy fence.
My estimation of current market value is $265,000.00 to $275,000.00. My intention would be to offer the property at $1495.00 per month rent.

The mortgage on the property is outstanding. It is a VA loan at 5.75% with approximately $233,000.00 owed. In my agreement the Sellers have agreed to contribute $300.00 per month toward the payment the first year and $150.00 per month toward the payment the second year. This should make the property positive cash flow from day one! The sellers are also paying the full October and November payments. The first payment due from us is December 08.

As the property sits today, there is approximately $37,000.00 in equity. 75% of that is controlled by us in the agreement. The agreement gives us control of 75% of the equity growth going forward.

Summary:

Available for rent at $1495.00 per month.
Available for sale at $270,000.00.
Available for assignment of our 25-year equity split / lease option at $9500.00.

Please submit all offers. We can be flexible on prices and terms.