👑 No Banks Needed Sub 2 @ 5.75% 👑
$35K Total In • Low Payment • Cash Flow Potential
💰 Total Entry: $35,000 (includes arrears)
Skip the banks and step into existing loan at 5.75%—no new loan, no underwriting, no rate risk.
This is a clean subject-to takeover where you lock in a low $1,876/month payment on a newer 2022-built home—creating strong potential for immediate cash flow and long-term equity growth.
🏦 Why This Deal Is Different
🚫 No banks required
🚫 No loan origination
🚫 No today’s high rates
✅ Take over existing 40-YEAR fixed debt
✅ Lower payment = better cash flow
✅ Only $35K total to take control
📊 The Numbers
Mortgage Balance: $286,871
Interest Rate: 5.75% fixed
Loan Term: 40 YEARS
Monthly Payment: $1,876
Principal Paydown: $158/mo
Total Entry: $35,000 (ALL-IN)
💸 Investment Upside
Extended amortization = lower monthly payment
Rent vs payment spread = cash flow opportunity
Newer construction = low maintenance risk
Long-term hold with predictable debt
🏡 Property Details
📍 143 SW Nye Ave, Pendleton, OR
3 bed / 2 bath
1,200 sqft
Built in 2022
Attached garage
Clean, rental-ready condition
Strong local rental demand
🎯 Perfect For
Buy & hold investors
Investors looking to maximize cash flow
Anyone wanting low entry + long-term fixed debt
Investors avoiding banks entirely
ARV Comps:
https://www.zillow.com/homedetails/1305-SW-3rd-Pl-Pendleton-OR-97801/84551644_zpid/
https://www.zillow.com/homedetails/18-SE-Kirk-Ave-Pendleton-OR-97801/84552214_zpid/
https://www.zillow.com/homedetails/1305-SW-3rd-Pl-Pendleton-OR-97801/84551644_zpid/
Call for Walkthrough!
Closing date: 5/13/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
