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Updated over 7 years ago on . Most recent reply

User Stats

2
Posts
0
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Ken Hussni
  • Real Estate Investor
  • Yorba Linda, CA
0
Votes |
2
Posts

OWNER FINANCING, LOW DOWN, FIXER UPPER, 3 UNITS, EZ QUALIFY, KCMO

Ken Hussni
  • Real Estate Investor
  • Yorba Linda, CA
Posted

$400+ Instant cash flow on this property.

This property was originally a SFR that was converted into 4 units. There is only 1 meter for each of the utilities: electricity, gas and water. Owner pays for utilities and lawn care, which are all included in the rent.

Brand new roof.

$12,000 down payment

$2,115 total monthly income

$6,000 gross yearly expenses (does not include mgmt. fees, taxes or ins.)

$576  paid for 2016 property taxes

$1,300 your monthly mortgage payment, includes principal, 11% interest rate (amortized for 10 yrs. w/no balloon), taxes and insurance 

2 units are currently vacant, but are being marketed for rent

CONTACT: KEN 

PHONE: (714) 803-8024

Email: [email protected]              

Offering

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