The Kestner Team

Our Investment Property of the Month

Purchase Price: $265,000

Current Monthly Cash Flow: $319

Interest Rate: 5.875%

REDUCED FROM $273,500 TO $265,000!!! AND SELLER PAID 2% RATE BUY DOWN AND ONE YEAR HOME WARRANTY!!! That's a $15,000 incentive!!! One level four-plex! Each unit is 2 bedrooms/1.5 baths. Tenants pay all utilities.  Landord does grounds maintenance. Unit D has new a/c unit, Unit B has new kitchen floor. Unit A new carpet and paint. Owner spent over $9,000 in 2007 for improvements. As of 6/2 - 1 vacancy. This property should yield over 21% return on your investment. Estimated Cash Flow with full occupancy: $934.

 

Posted by Nina Kestner McIver on September 4th, 2008 12:13 AMPost a Comment (0)
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