Sample of income producing property

If you were looking to buy and hold until the market corrects itself, and home prices in this area go back up, we are also doing this. We are renting these homes for an average of $900/month. Prices vary in different area"s. Imagine that - So the whole Investment opportunity right now is a NO-BRAINER!

We generally target homes from 1,300sq/ft to 1,600 sq/ft later model homes from 2000 to 2008 with good roofs and plumbing.Most of these homes were sold in 2006 for an average of $250.000. Today some investors are buying and holding. This makes a lot of sense as well, since the taxes are very low. under $90 in most places. The principal and interest at 6% is $270 monthly. Insurance in the area runs about $60. so all together your payments $420 and collecting $900 in rents.

When the market corrects itself in 2 years, prices will go back to duplication cost at $130,000 on a $1,500 sq/ft home. So on your $50,000 purchase your making $80,000 return plus rents of 2 years. SIMPLE MATH REAL RESULTS!

SAMPLE

Duplex Rental
Lee County, Florida

Duplex are between 2003 to 2007

sq/ft -Varies

Below is a sample of a purchase for investors that would like to buy and hold there investment. Purchase price is an average not a set price. In many cases we purchase them at a lesser price.

Our purchase fee ,repairs not included.

• Price of Duplex: $60,000
• Cash payment $60,000
• Closing Costs: 0
• Amount Financed:0
Court fee's 1,200 or less depending on final cost of home.
Monthly

Income:

• Monthly Rental Income: $1,300 both sides combined income.

• Management Fees (8%): $86
• Property Taxes: $125
• Insurance: $60
• TOTAL EXPENSES: $271
• Net operating income: $1,089
• Cash Flow Before Taxes: based on $1,300 monthly
• Annual income $15,600
• Annualized cash flow before taxes $11,930

Great Value. We purchase home under duplication cost – frequently fifty percent less. This of course dramatically increases the chance of year to year appreciation, as the oversupply in most of our markets is gradually worked down. A Typical duplex cost to build is around $150k- 2,200 to 2,400 sq/ft. Single family home duplication cost 1,500 sq/ft is around 130k

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