• 4 Plex
• Square Feet 4,084
• Slab Foundation
• Construction Type (Frame)
• Tax Value $194,730
• Value $205,000
• Estimated repair cost $20K to $30K
• Estimated annual taxes $4896.00
• Estimated repair cost $20K to $30K
• TOTAL ASKING PRICE INCLUDING REPAIRS:$135,000 (LTV OF 65%)
• Rent range $600 to $700 per unit (EXCELLENT cash flow)
• 5 to 8 mins from shopping center, grocery store and Interstate 30
• Walking distance from schools, parks and Freeways for easy Commute!
• 15 to 20 mins from Downtown Dallas
Exit Strategies
• Retail (Do repairs then re-sell)
• Fix and Hold (GREAT cashflow potential)
9768 North Sandree Drive Citrus Springs, FL 34434
• 4BR, 2BA SFR w/ 2 car garage
• Owner Finance, possible Subject To Deal
• $54K in equity, newer home - 2004
• 2080 s.f. - huge family room, nice backyard
• Property Value: $230K + /house next door sold for $240K
• Balance of the Mortgage: $176K
• 1st Mortgage 30 year fixed, 27 years left at 6.375%
• Payment $1403.29 PITI
• Payments are current, no repairs
• Rent range $1500 to $1525 max
• Possible cash flow situation
• Assignment Fee: $9800
2103 Glen Manor Rd Corinth, TX 76208
• 4BR, 2 1/2BA SFR
• Subject to Deal
• 2776 square feet of living space
• Newer home - 2004
• Property Value: $238,700
• Mortgage Balance: $197,000
• Equity: $40,000
• Payments: $1843 PITI @ 6.25%
• 25 years left on mortgage
• Assignment Fee: $4,000
1323 Fairview Ave. Joliet, IL 60436
• Duplex
• Subject To Deal
• 1st Unit: $525
• 2nd Unit: $700
• Payment: $650 PITI
• Mortgage: $58k
• Property Value: $116.5K
• Cash Flow: $575 when occupied
• Assignment Fee: $5K
3937 W. Flournoy Chicago, IL 60624
• Duplex - cash flowing with renters, 100% occupied, Sec 8 approved
• $30K+ in equity.
• Completely Rehabbed
• 1st unit: $1100
• 2nd unit: $1200
• Total: $2300
Mortgage scenario's:
• $308,000 @ 7% for 30 years, payment $2049.13
• Cash flow $250.87
• $308,000 @ 6.5% for 30 years, payment $1946.77
• Cash flow $353.23
• Property Value: $350K+
• Purchase Price: $308K Cash Deal
6n934 Woodlawn Joliet, IL 60174
• Triplex
• Possible Subject To Deal
• 1st Unit: $550(Front)
• 2nd Unit: $595(Middle)
• 3rd Unit: $735(Back)
• Payments: $1500 PITI
• Total Rent: $1885-$1500=$345 in positive CASH FLOW.
• Property Value: $201k, Will take cash deal of $191k
• This can also be a Subject To purchase, take over payments for 12-36 months, then must purchase outright at remaining mortgage balance or 90% LTV at that time, whichever is higher.
• Cash flowing property with Equity and getting the deed up front and not having to purchase for 12-36 months.
• Assignment Fee: $6000
As always, these deals are on a first-come-first-serve basis. So if you are interested, contact me via email RIGHT NOW saying "I want more info" and mention the property address.
