Deal Analyzer — Seller Financing
34062
Lyncroft
Street
Farmington Hills, MI 48331 · Ramble Hills · French Normandy by Alexander V. Bogaerts
List
$1,199,900
Built
1989
Sq Ft
4,024 + 700
Lot
0.94 ac
Bed / Bath
5 / 5.5
Taxes
$20,521/yr
DOM
~150 days
Area Avg
34 days
Seller Mortgage
~$400K @ 2.5%
01
Structure the Deal
Purchase Price
$1,050,000
Down Payment
$400,000
Interest Rate
4.00%
Loan Term
20 years
Balloon Payment
None
None
5 yr
7 yr
10 yr
Tax Filing Status
Married
Single ($250K excl.)
Married ($500K excl.)
Competing Offer
$1M Cash Buyer
Your Offer
Seller Financed
For Reference
Traditional 6.5%
Seller financing wins
With current parameters, the seller nets more and you pay less.
02
The Pitch
03
Your Payment Schedule
04
Amortization Schedule
▶
Show yearly amortization breakdown
Year
Payment
Principal
Interest
Balance
Equity Built
05
Risks & Notes
✓
Due-on-Sale Clause — Mitigated
Down payment covers mortgage payoff. Seller carries note with no underlying lien. Clean structure.
⚖
Real Estate Attorney Required
Need attorney to draft promissory note, mortgage/deed of trust, and any land contract terms. Non-negotiable.
🛡
Title Insurance
Get owner's title insurance. Verify clean title, no hidden liens, judgments, or encumbrances.
🌊
FEMA Flood Zone Check
Rouge Tributary waterfront. Verify flood zone designation at msc.fema.gov. May require flood insurance.
📋
Prepayment Clause
Negotiate right to refinance or pay off early without penalty. Critical if rates drop in the future.
👻
The Phantom Cash Buyer
150 days on market at 3× neighborhood average price. The $1M cash offer may be a negotiation tactic. Proceed accordingly.