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| | Turn-Key SFHs Great City 20cap | 
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Property Type: Residential Income - House(s)
Last Updated: 10/9/2009 6:06:42 PM EST
Property # 26723
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Location:
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Saginaw, Michigan 48601 USA
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View Address On Mapquest
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Value:
Loans:
Equity:
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$165,000
$0
$165,000
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Property Description:
We have 11 units @ 15k/door that are turn-key properties and 100% rented. Total income is $46,800/year and ~$32,760 NET.Two of the units are duplexes and the rest are 7SFH.~20cap
Benefits to New Owner:
Fast return on your money in a town that has plenty of heart and community spirit. 100% cash flow after 5years;EXCELLENT!!!
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Unit Mix
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| No information found. |
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Annual Income & Expense
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| | Per/Year | % of G.I. | Projected/Year | | Gross Schedule Income | $46,800 | 100% | | | Less Vacancy (-) | $0 | 0% | | | Other Income (+) | $0 | 0% | | | Gross Operating Income | $46,800 | 100% | | | Operating Expenses (-) | $14,400 | 31% | | | Net Operating Income (=) | $32,400 | 69% | | | Loan Payments (-) | $32,760 | 70% | | | CASH FLOW (=) | ($360) | 0% | | | Capitalization Rate | 19.64% | | 0.00% | | Lot Size | | | Zoning | Sfh | | Yr. Built | |
| Additional Income & Expense Comments | | We master lease the properties for 1year at no cost to you. After one year if you like we will would like the first option to renew the master lease. Rents are from 300/month with 30% expenses. |
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Loans
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| | No information found. |
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Additional Information Available Upon Request
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| No Appraisal available at this time | |
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Can Adds
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| | | Property Type | Value | Loans | Equity | Cash Flow (Yr.) | | 1 | Residential Income/House(s) | $100,000 | $0 | $100,000 | $24,000 | | 2 | Commercial/Retail | $75,000 | $0 | $75,000 | $9,600 | | | CAN-ADD TOTALS | $175,000 | $0 | $175,000 | $33,600 |
| Can Adds Comments | | I have a four plex in Saginaw that is turn key and fully rented with low rents.The commercial property is in Bay City & is a fixer, but it is a 2br SFH with 1000SF retail & garage + 2000SF basement |
Click to view Other parties that may want what you have based on a computer match from the property records data
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Owner's Profile
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| Occupation Investor Name Please Sign In or Register to view owner information. | | Why Owner No Longer Wishes to Own This Property | | Want to take profit and move on |
| Owner Comments and Benefits desired from Exchange | | I require a minimum of 50% cash on this deal. |
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Will Consider Exchanging For
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Personal Property: Cash, Notes / Paper, Airplane, Automobile, Boat / Yacht, Gem Stones, Stocks
U.S. Locations
| Map | | States/Regions: |  |
| Owner Will Exchange for Additional Comments | | Owner will consider taking in gold, diamonds, vehicles, boats, solid profitable or good potential website (preferable real estate related) or anything of value towards the purchase. |
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Property Represented By
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| Click Here to contact the Owner or Agent representing this property. |
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and physical inspections. All information submitted is subject to errors, omissions,
change of price/value, withdrawal and to any special listing conditions
imposed by the principals.
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