SELLER FINANCING at $110,000 with Tenant in Place at $995/monthTerms of 10% down with 90% loan at 7.5%
Rehabbed 3 bedroom 1 bath home. Home features new 200 amp electrical, new plumbing throughout, new forced air heat, new central air conditioning, new 40 gallon hot water heater, new drywall throughout, new kitchen with new Whirlpool range, new Magic Chef vented microwave and new stainless steel Frigidaire refrigerator, new bathroom with marble floor, new tilt-in vinyl windows with screens throughout, new doors, new security storm door, new bamboo hardwood floors on first floor, new carpeting on stairs and second floor, new deck and yard, living room features recessed lighting, new rubber roof and new skylight.
The Numbers:
Income: $995
Less Mortgage: $692(fully amortized at 7.5%)
Less Taxes: $60 (Annual taxes $700)
Insurance: $45
Management: $99
Expected Net: $99 per month
Rents Increase over time, Pay down mortgage, expect little or no repairs and maintenance for next 3 years as property completely rehabbed, and do not forget the tax advantages.
For more information contact: Caroline Hegarty at (707) 704 4904
No comments:
Post a Comment