Mountain Home, Mountain Home, ID 83647

 THIS IS NOT BANK FORECLOSED PROPERTY. These are 12 new construction, 4 unit buildings, centrally located by the city golf course with easy access to the freeway, Walmart, and Mountain Home Air Force Base. These buildings will begin construction in early July of 2008 with four buildings completed in late August and total completion expected in December of 2008. The Mountain Home rental market is strong boasting 0-3% vacancy with high rent rates.  The Air Force has entered into a contract which will bring approximately 1,000 Singapore personnel to the area beginning in August of 2008. With low availability of rental housing these new units will bring a premium rent. The construction is being completed by an experienced team that has a successful record and strong reputation in Mountain Home.$380,000 - $390,000 Per Building1000 SqFt per unit (approx)2 Bed 2 BathFully LandscapedCC&R’s with HOACity Services$875- $925 Rental per unit (approx) ProformaPurchase Price                                  $380,00020% Down                                        $  76,000Financed Amount                              $304,000PITI & OPP COST (est)                      $    2,400Projected Rents ($875/ea)               $    3,500Monthly Cash Flow                           $    1,100 Additional information on the area can be found at:www.mountainhome.af.milwww.mountain-home.usContact Dan Croke at 760-434-6208 or 760-994-6999