OWNER FINANCING!! NO BANK QUALIFYING!! 20% down payment, 8% interest rate, 10-year term, 30 Year Amortization!!
Great 4 unit investment property!! All units have been updated and there is a new roof!!
1) 3 bedroom 1 bath 2 story apartment/ house with basement $1100
2) Store $900
3) Store $900
4) Store $915
Total monthly income $3,815
Total yearly income $45,780
Expenses
Taxes yearly $7,100
Insurance yearly $2,300
Utilities yearly $2,000
Vacancy 5% = $2,289
Total $13,689
NOI $32,091
Debt service $1,526 per month = $18,315 per year
CASH FLOW $1,148 per month = 13,776 per year!!!
Cash on Cash Return 23%
Cap Rate 12.34%