Great income properties can be difficult to find especially with
instant equity! This is a fantastic property to add to your portfolio
especially with all the changes in first time home buyer financing.
This property has been made available to our group under the following
conditions $140k buyer to pay closing costs 30 day close with 0
concessions. Currently listed for $159,900 this is an excellent
opportunity to own a great cash flow investment at 7.5% Cap Rate!
YR.1 PV Yr Mon Inc NOI Csh Fl Yr Csh
Fl Mon Csh Fl Yr Csh Fl Equity
1 $154,000 $1,295 $10,514 $131 $1,572 $224 $2,692 $0 $43,174
2 $169,400 $1,360 $11,137 $183 $2,196 $281 $3,374 $0 $59,916
3 $186,340 $1,428 $11,789 $237 $2,847 $341 $4,086 $0 $78,383
4 $204,974 $1,499 $12,470 $294 $3,529 $402 $4,829 $0 $98,743
5 $225,471 $1,574 $13,182 $353 $4,240 $467 $5,604 $0 $121,186
Capitalization rate at purchase 7.5%
Expense ratio year 1 32.3%
Debt service coverage year 1 1.18
Price rent multiple at purchase 9.0
Payment rate (5-year) 9.36%
Deferred interest rate (5-year) 0.00%
Deferred interest as % of appreciation 0.00%
Thanks,
William Green
Business Development Loan Officer
Cell:
(208) 703-7307
Email:
wil...@hsmfinance.com
Office:
(208) 955-0661
Fax:
(208) 377-3810