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 | Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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Property Details |
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| Property Information |
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| Project Name : |
Turnkey Section 8 home 14% cap IN |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
Indiana |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
2231 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Sq. Ft. |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Above Average |
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| Property Description: |
| Spacious 4 bedroom, 1 bath home build on large 6, 250 sqft lot. Average list price for similar homes for sale is $39,490 and average list price for 47302 ZIP code is $65,398. Students attend Cowan High School, Muncie Southside High School and are in area for top ranked math and reading profficiency schools in county. Property has been leased for 10 years with the same Section 8 tenant, with an annual lease of $700.00 a month. This is a perfect cash flow opportunity for investors. Total 14% return annually . The lease was renewed 09/01/2012. You can see the flyer on http://www.postlets.com/repb/8306717 Buyer to verify all information |
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| Surrounding Neighborhood: |
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| Purchase & Invesment Information |
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| Purchase Price : |
$37,000 |
| Investment Type : |
Wholesale Property |
| Investment Amount Needed: |
$37000.00 |
| Equity offered to Equity Partner : |
0.00 |
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| Estimated Cash on Cash Return for Investor : |
Members Only |
| Contingency Expiration Date : |
Members Only |
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| Process Complete to Date: |
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 Members Only |
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| Why is the Property being Sold?: |
| Members Only |
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| Personal Invesment Details |
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| Will Seller Carry a Note : |
No |
| Rate : |
Members Only |
| Years Amortized : |
0.00 |
| Amount : |
$0.00 |
| Ballon Amount : |
$0.00 |
| Prepayment Penalty : |
$0.00 |
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| Familiarity with Property : |
Very Familiar |
| Familiarity with Neighborhood : |
Somewhat Familiar |
| Time Inveting in Realestate : |
3 - 5 Years |
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Market rent / Vacncy Information(0) |
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Floor Plan / Site Plan (0) |
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