CASH FLOW POSITIVE AND NO MONEY DOWN
Listing Number: 1283
Posting Date: 14 November 2008
Rarely do opportunities such as this become available - cash flow positive from day one and no money down. The vendor has agreed to a vendor loan of $60,000 with no repayments for four years! That means on a loan of $110,000 for four years the yeild is 12.76%. Even when you repay the vendor loan after four years (at 0% interest) and assuming the rental only increases to $300 per week the yeild will be 9.18%.