No Touch, Hassle FREE Income Property



          

    Date: June 17 2009

Initial Investor:

  TBD    

Resale Candidate Buyer:

  On Hand    

Wholesale Investor:

  TBD    

Property Address:

  5605 Liberty Creek Drive, Indianapolis, In.

Features:

 4BR, 3 Full Bath, 2020 Sq Ft, 2 Car Attached Garage, Slab, Siding, Built 1986












Conditions and assumptions:
Property is Vacant  

YES

   Seller Financing Available

*

Move In Ready      

NO

   Rehab Contractor Available

YES

Needs Work

YES

   Property Management Available

YES

Tenant Occupied    

*

   Tenant on Mortgage Program

YES

    Passive “Armchair” Income Available

YES

      Day One Positive Cash Flow

*


*Opportunity Features

 Amt.

   *Funding Alternatives
Cash
Bank Financing
Seller Financing
Market Comps
$115-120K
   Purchase Price “As Is”
$75,000
$75,000
$79,900
MLS List Price
$79,900
   Move in Ready Price
$95,000
$95,000
$99,900
* Rehab Estimate
$20,000
   Investor’s Down Pmt.
100%
$20%
$20%
Nego’d Total Cost
$95,000
   Interest Rate Assumed    
NA
$7%
$9%
Resale Price (Anticipated)
$120,000
   PITI Payment per Month
NA
$704
$750
Re-sale Timeframe
12-24 months
   Pre-tax Cash Flow
$534/mo
$135/mo
$89
Gross Rent Anticipated
$1000.00/mo.
   1st Year Cash on Cash Return
8%
10%
4%

Comments: Property is Bank Owned. Re-sale Candidate Buyer will be enrolled with professional Credit repair. Renovation estimate is hypothetical and subject to change. It is intentionally assumed higher than actual. *Please contact Jim Bardes for needed clarification. Thank you.

*Please Note:
1.  *The information presented here is preliminary. It intended to be accurate, but is subject to verification and review with your professional counsel. File details and an explanation of assumptions are available on request to qualified buyers.

2. Private (Seller) financing can be an particularly useful way to help with financing in challenging times. Creating a note secured by real estate can give the Seller cash now or a steady, interest-generating income stream for their long term future.”

*For more info contact: Jim Bardes, SRES, Realtor with F.C. Tucker Company, Inc.
Direct# 317-442-1698     Email: JimBardes@aol.com    Learn more on www.EasyPersonalWealth.com

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