👑 No Banks Required Sub To in Cottage Grove 👑
Down Payment: $39,000
Breakeven sub to opportunity with no banks involved! This deal offers long term asset control with built in principal paydown and no balloon or early payoff required. Market rent is estimated at $2100 to $2200 per month, creating flexibility for an investor or someone looking to make it a primary residence while securing property without conventional financing.
Mortgage information:
Mortgage balance: $323,441.99
Interest rate: 6.250%
Principal pay down: $316.49
Monthly payment: $2,392 PITI
Reinstatement amount: $28,247.13
Loan maturity is 2054
1480 Carobelle Ct, Cottage Grove, OR 97424
3 beds | 2 baths | 1,104 sqft
Single-level layout
Wood-burning fireplace in the living room
2-car attached garage with driveway
Large covered deck and covered patio
0.16-acre lot with terraced yard, small storage shed and city views
Quiet cul-de-sac location near local schools and shopping destinations
Rent rate is $2,100–$2,200 per month
Call for Walkthrough!
Closing date: 4/3/2026 – 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.
No transaction fee!
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.
