🏠 OWNER FINANCING AVAILABLE!
508 S Willow St • Ottawa, KS 66067
VACANT – On Market • MLS#: 2542960
💰 Financing Terms
Purchase Price: $194,000
Down Payment: $20,000
Loan Amount: $174,000
Interest Rate: 9% (fixed)
Term: 5-year balloon payment
Estimated Monthly Payment: ≈ $1,395 (based on 30-year amortization; balloon due in 5 years)
✨ Property Highlights
5 bedrooms, 2 bathrooms, approx. 2,099 sq ft, Built in 1900
Built in 1900, on a 7,405 sq ft lot with detached garage and fenced yard stroudandassociates.com+10Homes+10Realtor+10ReeceNichols+2Century 21+2Zillow+2Zillow
Features: oversized garage, large open kitchen, recent cosmetic updates, partial basement Homes+2Zillow+2Zillow+2
Zestimate/listed price: ranged from ~$172,650 to $194,000 depending on source Realtor+2Century 21+2Zillow+2
🏗️ How the Wrap Loan Works
Buyer pays $20,000 down payment
Make monthly payments at 9% interest (amortized over 30 years)
Balloon payment due in 5 years — buyer may refinance or pay off
📈 Why Owner Financing?
No bank qualification required
Perfect for buyers with income but imperfect credit (NO CREDIT CHECK)
Build equity while avoiding rising rental costs
Closes quickly with no lender delays
📞 Contact Today
Lauren Berryman
📱 816‑724‑6679
✉️ info.lbfaithfulteam@gmail.com