Build Your Dream Home Here!! Partial Owner Financing on Land...

Build Your Dream Home Here!! - Partial Owner Financing on Land. With 40% down, owner will carry the balance for 5 or 7 years at 5% IR. - - 1 mile South of the Dannebrog Golf Club! Less than a mile from pavement.13.48 ACRES on the N/W corner of 4th and Kimball!! - Access on two sides. Mostly flat ground with some ideal locations for a home or large building. - I am thinking a Shouse (shed house) would work fantastic on this lot. Small trees planted along north and west side. - - - Purchase Price: - $150,000 Owner Carry: $90,000 - Interest Rate: 5% - Option 1: - $90,000 - x 5 year @ 5% year = $20,603.50/year - - 2 annual payments of - $10,301.75 for 5 years - $20,603.50 x 5 Years = $103,017.00 - - - - ($13,017 total interest) - Option 2: - $90,000 x 7 year @ 5% year = $15,433.62/year - - 2 annual payments of - $7,716.81 for 7 years - $15,433.62 x 7 years = $108,035.34 - - - - ($18,035.35 total interest)