14% NET YEILD - THIS IS A BEAUTY

Listing Number:  272
Posting Date:  22 September 2007






 
Price:$185,000
Listing:14% NET YEILD - THIS IS A BEAUTY
Type:
Category:
Bedrooms:3
Bathrooms:1
Region:Southland
Site Area:1315 m2
Address: Login
Building Area:130 m2
Property Image

Description:

I have a Lease option signed up on this one ready to go.... Just dial in your bank account number and tap into the cashflow....
3 Beds
8 Car Garaging
80s house
Large Sction

Turn Key Solution
This is the Deal:
Sale and purchase agreement
My Purchase Price: $185K (market Value)

Settlement Due 23rd Oct 2007

Lease option deal
Term: 3 Years
Option Price: $218,000
Consideration Fee: $20,000 (in your pocket at settlement)

Weekly:
- REnt: $250.00 (market rent)
- Ongoing option consideration: $249
- Weekly Option Credit: $50.00 (toward Purchase price if purchased)


The nuts and bolts:

I will assign all aspects of this deal to another buyer for $10K

Your cashflow should look something like this:

90% Loan $166,500 (IO) @ 8.6% = $275.36

Rates,EW and insurance: $38/week

Total: $313.36

Maintenance and repairs = $0
Vacancy = NILL
==============
Cashflow: $185.64/week net ($28,860 over 3 years)
+ $20K down payment (Net $1,500 cash in pack pocket)
+ Net Back end profit of $5,200
Total: $35,560
============

minus: $10K asignment
$25,560

ROI= Infinity as it put $,1500 cash straight back in your pocket on day one.
Pretty good for a no money down deal.
Call Shane
07 8293233