PROOF OF FUNDS FOR ACCESS

Get Added To Buyers List – https://gregslistdeals.com/

Cell: (336) 883-5636

1170 Greta Blvd, Pahrump, NV 89060 – $30,000 Entry (SUBTO FHA Loan @ 4.5%)

CASH & HARD MONEY / PROOF OF FUNDS REQUIRED FOR ACCESS
Photo Link: https://drive.google.com/drive/folders/1rBoyT0DsNB9ecQTdZMhdUfDOEqEWQgKZ?usp=sharing
Zillow Link: https://www.zillow.com/homedetails/1170-Greta-Blvd-Pahrump-NV-89060/83176989_zpid/

PROPERTY OVERVIEW

3 Bedrooms | 2 Bathrooms
1,749 Sq Ft | 1.14 Acre Lot (49,658 Sq Ft)
Detached 2-Car Garage | Built 2006
Private Well & Septic (Serviced 2019)
Central HVAC (A/C needs Freon & valve – not full replacement)
No HOA | Peaceful Rural Setting | 1 Hour from Las Vegas

DEAL STRUCTURE

Total Purchase Price: $30,000
Subject-To Loan Balance (Midland Mortgage): $161,915.95
Cash to Seller: $16,642
All-In Takeover Amount: $178,558

LOAN DETAILS (SUBJECT-TO)

Lender: Midland Mortgage (a division of MidFirst Bank)
Loan Type: FHA
Interest Rate: 4.500% (Fixed)
Monthly PITI Payment: $1,009.41
• Principal: $215.21
• Interest: $593.20
• Taxes & Insurance (Escrow): $201.00
Next Payment Due: 11/01/25
Escrow Balance: $1,305.00
Loan Maturity: 08/31/2049
Status: Current – No Late Payments

FINANCIAL SNAPSHOT

Current Market Value: $273,000 – $296,000
Loan Balance: $161,916
Instant Equity: $111,000+
Market Rents: $1,700 – $1,750/mo
PITI: $1,009/mo → Potential Cash Flow: $600–$750/mo
Rehab Estimate: ~$30,000 (A/C fix, water heater, cosmetic updates)

INVESTMENT HIGHLIGHTS

• Low 4.5% FHA Loan – can’t be replicated today
• Over $110K in built-in equity
• Light rehab – A/C valve, water heater, cosmetics
• All stainless kitchen appliances included
• Roof, septic, and well cleared (last serviced 2019)
• Ideal for SubTo rental, novation, or flip exit

LOCATION

Located in the expanding market of Pahrump, NV, just 1 hour from Las Vegas.
Quiet rural neighborhood with large lots, low property taxes, and strong rental demand.

EXIT STRATEGY EXAMPLES

Rental (SubTo Hold)
Rent: $1,725/mo | Payment: $1,009/mo
Cash Flow: ~$716/mo
Cash-on-Cash ROI: 51%+

Novation / Wholetail
Rehab: ~$30K
ARV: $273K–$296K
Profit Spread: ~$80K+

Flip
Entry: $178,558 | Rehab: $30K
Exit: $290K+
Estimated Net: $50K+

COMPARABLE SALES

1381 Greta Blvd, Pahrump, NV 89060
2111 W Mesquite Ave, Pahrump, NV 89060
Average Comp Price: ~$332,000 | DOM: ~87

ACCESS & TERMS

• Clean Title | No Liens | Ready for Assignment
• Close in 30 Days or Less
• $7,500 Non-Refundable EMD to Secure