Seller Financed Terms:Sale price: $165,00015% upfront cash deposit and $1538.27/month for 60 months with a balloon payment due at the end of the term.Interest rate: 2% The monthly payment of $1540 would encompass the principal, interest, taxes and insurance.$553.35 would be applied to principal$153.37 would be applied to interest$831.55 would be applied to taxes and insuranceTotal payment of $1538.27  or $165K for the building with 15% down and $1525/month for 48 monthsGross Annual Rental Income = $37800 or $3150/ month Annual Operating ExpensesTaxes & Insurance $9978.60Water/Sewage $3600Waste Management- $1200Gross Annual Operating Expenses = $14778.60Net Operating Income = $23021.40Or $1918.45/month in positive cash flowCap Rate = 14%I'm thinking of trying to negotiate the purchase price down a bit as $165 is above market value.

And the housing stock in IC is charming.

If you believe in luck, find a lucky charm.

Encompass, Allied and Safeco.  

Also, you do not get to know how much the rent will be until you go through the entire process... then at the end they say take it or leave it.Bob      Charming!

Zip codes can encompass A,B,C, and D areas. 

We'd love to salvage these old floors if possible, both for cost and charm...but cat pee is not very charming.

Downtown San Antonio has the amazing historical charm and vibe that you cannot get anywhere else.

Utilities setup - who is responsible for whatFuture capital expenses (ie removing carpet, redoing a porch, etc)Taxes- if the property is rehabbed is the new tax rate encompassed in your numbers?

Works like a charm.