SUPER BARGAIN DEAL ONLY 5,000 Down and 400 per month! AS IS VALUE 43,000.Land contract available 5,000 down, we will carry a note for 10,000 monthly payments of 400 per month for 3 years. or 15,000 Cash!Description:Huge single family house with 4 bedrooms and 2 bathrooms.House is in good condition is rentable as is. This is a great buy for a landlord looking for instant cashflow. Work needed: exterior siding needs some work, roof older condition needs replacing, water coming from basement.Property can be rented section 8 for 1,200 to 1,400 per month, or rented normally from 1,000 to 1,200 per month.Property is currently occupied by a tenant but is leaving as soon as we close. Agreement with seller is we will not close until tenant is out of the house.Fix and flip :Purchase price $15,000Closing costs $1,000Fix up $11,000Holding costs $3300Realtor fees $2,580 (6 percent)Resale Price $50,000Net Profit $17,200Buy and HoldPurchase 15,000Closing costs $ 800Fix up $7,000Rent $1,200 per monthNet Operating Income $6,720Cash on cash return 29 percentRepairs:New Roof $5,000Basement Flooding $2,000painting $1,000flooring $1,000Total Repairs $9,000More pics are atComparables:15325 Paulina sold on 9/12/2013 $51,00016033 Gauger sold on 5/10/2013 $36,50016045 Lincoln Ave sold on 5/23/2013 $40,000Estimated After repair value: 43,000Please due your own due diligenceProof of funds required for showings.2,000 nun refundable earnest money required.
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