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Businesses > Real Estate Agents > Property Update...
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Property Update: Triplex/Owner Carry No Bank Qualifying! 8.6% Cap

by "lendinghound.com" <william@[EMAIL PROTECTED] > Jul 3, 2008 at 12:54 PM

This just in great op****tunity to purchase this tri-plex at $134,900
on an owner carry with 20% down in Boise, ID.  Terms are 6% interest
with a balloon due in 2 years.  The property will appraise for
approximately $150k currently, there is a lien on the property for
$100k.  Will consider cash out but this is a phenomenal op****tunity
for just $26,980 down!  This is a straight acquire rights for less
light rehab, get it rented, and cash flow!  May also consider all
cash
offer but this is how the numbers play out on the Rental Analysis!
This is a great op****tunity to get in on a nice cash flow property
with minimal outgoing expenses plus and we don=92t even have to get a
loan.  The time frame is perfect for market recovery projected in
2010
as well!

Year 1 - 5
Monthly Cash Flow
$324
$380
$438
$500
$565


Yearly Cash Flow
$3,887
$4,558
$5,262
$6,001
$6,776


Equity at
year end
$36,436
$46,543
$57,343
$68,881
$81,202


For more information email will...@[EMAIL PROTECTED]
 or call (208)
703-7307 also don't forget to check out our website at
www.lendinghound.com
for all your investment needs soon to be available in the lower 48
 




 1 Posts in Topic:
Property Update: Triplex/Owner Carry No Bank Qualifying! 8.6% Ca
"lendinghound.com&qu  2008-07-03 12:54:08 

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tan12V112 Thu Dec 4 20:59:01 CST 2008.