👑 3.375% Kelso Sub2 Deal — Low Entry, Built-In Equity & Easy Value-Add 👑
Down Payment: $38,000
This is a clean, low-risk sub-to opportunity with strong in-place financing and an added short-term 0% seller carry second, creating an extremely investor-friendly structure — NO BANKS REQUIRED.
You’re stepping into a 3.375% mortgage with a very low payment, while also benefiting from monthly principal reduction and a price point that consistently moves in this market. The property is clean and ready for a tenant as-is, with only a very minor flooring repair (approx. 6” x 4’ section) needed.
812 S 5th Ave, Kelso, WA 98626
💰 Deal Structure
Loan 1 – Subject-To (Primary Mortgage):
Balance: Approx. $175,798.20
Interest Rate: 3.375%
Monthly Payment (PIT): $1,066 + (new insurance policy will need to be selected)
Principal Paydown: $373.12/month
No balloon
No prepayment penalty
Loan 2 – Owner Finance Second (Short-Term):
Balance: $13,000
Interest Rate: 0%
Payment: $385/month
Term: 34 months
📊 Total Monthly Obligation
$1,066 (PIT – Loan 1)
$385 (Loan 2 – 34 months)
➡️ Total: $1,451/month (first 34 months + insurance)
➡️ Drops to $1,066/month after payoff
💸 Rental Snapshot
Estimated Rent: $1,900/month
Monthly Payment: $1,451 + insurance
➡️ Estimated Cash Flow: ~$450/month (before insurance)
After second payoff:
➡️ Payment: $1,066 + insurance
➡️ Cash Flow: ~$830/month (before insurance)
📈 Exit Strategy
Hold (Rental):
Stable cash-flowing asset with improving returns over time
🧠 Why This Deal Works
NO BANKS REQUIRED — step into existing financing
Low entry at $38K down for control of the asset
Ultra-low rate debt (3.375%) — impossible to replace today
Strong day-one cash flow
No balloon + no prepay penalty = full flexibility on exit
0% second that burns off in under 3 years
Payment drops significantly after 34 months
Built-in principal paydown (~$758/month during hold)
Clean and rent-ready — generate income immediately
Only minor repair needed — no heavy lift
Clear path to ~$290K resale
🏡 Property Details
3 Beds | 1 Bath | 1,292 Sq Ft
Large kitchen with ample storage
Bonus upstairs space (4th bedroom / flex use)
Spacious fenced backyard with a fire pit and shed
Covered carport with multi-vehicle parking
Easy access to I-5, schools, and shopping
Close to rivers, parks, and outdoor recreation
Call for Walkthrough!
Closing date: 6/8/2026 – 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.
