Have a great WRAP deal. How do I structure?

[Savannah Leigh]

Owners called me. They want out. NOW. "we want to be able to forget we own it"....

Nice 2 unit. 3/1 each side. rents 650/side. Mortgage payoff is 65k or 640 monthly with tax/insurance bound. After management and 10% maint it's easily a 100% cap rate deal (make each year what they pay me in assignment fee).

How do I describe this deal?

One easy deal....6k gets you a 2 family turnkey property. Passed by city of Wilkes-Barre, (soon) fully rented. Mortgage payments about $400/mo. Taxes/insurance another $200. Management 200. Maintenance (basic coverage package) $100. Leaves approximately 600/mo NOI. that's 120 percent Cap rate ! (7200 on 6k invested).