| InvestinCarolinas 2005-12-21, 3:21 pm |
| For Photos and plans please call or email:
Jacques Fortune
Real Estate Sales and Marketing Associate
Real Estate Studio, LLC.
JacquesFortune@Hotmail.com
704-543-6977 Office
704-342-1597 Home Office
704-648-4453 Cell Phone
704-644-8355 Fax
10801 Johnston RD. Suite 107/108
Charlotte, NC 28226
Model Home Lease Back
TRUSTWAY HOMES - WASHINGTON w/ Full Basement and JEFFERSON
Collect 10 to 12 months advance payment of rent at closing!!!!!
About $115 to $155 per month positive cash flow.
Charlotte, NC
Our Favorite and Most Popular Rental Home
The home will command a very high demand on the rental market, with
rental rates below market. The lease will be for about 10 to 12 months.
Pro forma - Projections Only
Investor sales price
$125,000
5% down
$6,250
Loan amount
$118,750
Mortgage payment, 6.25% interest only
$727
Estimate property taxes
$100.00
Estimated homeowners insurance
$40.00
Property management
$50.00
Homeowners association
$10.00
Total of payments, estimated
$930.00
Estimated fair market Rent
$1000.00
Positive cash flow, monthly
$70.00
Positive cash flow, annual
$840
Down Payment 5%
$6,250
Return on investment cash-on-cash
13.0%
Prepaid Rent - 10 to 12 months
Up to $12,000
Deposit lock down is $1,500 plus $375 cost of appraisal allowance due
from investor-buyer; then balance of 5% down payment delivered to
closing attorney's escrow trust account upon acceptance of Offer to
Buy Contract within 60 days of closing date and upon approval of loan
and with commitment letter from lender. .
For Photos and plans please call or email:
Jacques Fortune
Real Estate Sales and Marketing Associate
Real Estate Studio, LLC.
JacquesFortune@Hotmail.com
704-543-6977 Office
704-342-1597 Home Office
704-648-4453 Cell Phone
704-644-8355 Fax
10801 Johnston RD. Suite 107/108
Charlotte, NC 28226
|