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Updated over 7 years ago on . Most recent reply

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