Dear Investors:
We have available in the charlotte, NC area, a hand full of
model
homes which are ready for immediate closing. These model homes, once
purchased will immediately be leased back form you by the builder
for a
minimum of 12 months (included in the contract). As you know, lease
back
homes are very attractive to the investor as it eliminates the
following
heartaches: need to find a suitable tenant, worries about the
property's
management, and general maintenance. Your suitable tenant in this
case will
be the builder and sense the property will be utilized as a model
home, the
premises as well as the property itself will be well maintained.
Investors
can expect the value of the property to appreciate at a 4 to 5 % rate
according to local market standards.
Listed below, Mike King's (Broker in-charge/Developer) best
lease
back investment homes. Should you need further information, do not
hesitate
to contact me directly.
Warmest Regards,
Jacques Fortune
License Real Estate Associate
Real Estate Studio
704-342-1597 Home Office
704-648-6005 Cell Phone
1-800-827-5449 Toll Free
704-543-6977 Fax
10801 Johnston RD. Suite 107/108
Charlotte, NC 28226
Subject: Model Home Lease Backs with 12 months pre paid
1)
www.InvestorsIdealHomes.com <http://www.investorsidealhomes.com/>
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: 6011 Timbertop - Bristol
3 bedrooms, 3 ½ baths, 2 car gar. 2405 sq ft
Ready to close - construction complete as of July 2005
Estimated Fair Market Value $189,900
Investors Purchase Price $187,900
Interest Only 3.875% rate loan payment $576
Adjust & include taxes and insurance $703
Home Owners Association $20
Total payments $723
Rent per Month $973
Positive Cash Flow $250
Down Payment $9,395
Advanced Pre paid 12 months Rent Payment $11,676
Closing Costs Paid by Builder for Buyer $3,758 (2%)
Appliance Package-rent ready (subject to Offer and acceptance)
$2,000
Real Estate Commission $7,114
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
2)
www.InvestorsIdealHomes.com <http://www.investorsidealhomes.com/>
Mike King
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: Lot 63 - Bristol
4 bedroom, 2 ½ bath, 2 car gar., 2274 sq ft
Ready to close - construction complete as of July 2005
Estimated Fair Market Value $189,500
Investors Purchase Price $186,000
Interest Only 3.875% rate loan payment $571
Adjust & include taxes and insurance $696
Home Owners Association $20
Total payments $716
Rent per Month $966
Positive Cash Flow $250
Down Payment $9,300
Advanced Pre paid 12 months Rent Payment $11,592
Closing Costs Paid by Builder for Buyer $3,720 (2%)
Appliance Package-rent ready (subject to Offer and acceptance)
$2,000
Real Estate Commission $6,077
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
3)
www.InvestorsIdealHomes.com <http://www.investorsidealhomes.com/>
Mike King
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: Lot 61 - Bristol
3 bedroom, 3 ½ bath, 2 car gar., 2405 sq ft
Ready to close - construction complete as of July 2005
Estimated Fair Market Value $187,500
Investors Purchase Price $182,100
Interest Only 3.875% rate loan payment $559
Adjust & include taxes and insurance $683
Home Owners Association $20
Total payments $703
Rent per Month $953
Positive Cash Flow $250
Down Payment $9,105
Advanced Pre paid 12 months Rent Payment $11,436
Closing Costs Paid by Builder for Buyer $3,642 (2%)
Appliance Package-rent ready (subject to Offer and acceptance)
$2,000
Real Estate Commission $5,463 (3%)
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
4)
www.InvestorsIdealHomes.com <http://www.investorsidealhomes.com/>
Mike King
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: 2325 - Meadow G
3 bedroom, 2 ½ bath, 1 car gar., 1323 sq ft
Ready to close - construction complete as of July 2005
Estimated Fair Market Value $124,900
Investors Purchase Price $122,900
Interest Only 3.875% rate loan payment $377
Adjust & include taxes and insurance $522
Home Owners Association $0
Total payments $522
Rent per Month $822
Positive Cash Flow $300
Down Payment (5%) $6,145
Advanced Pre paid 12 months Rent Payment $9,864
Closing Costs Paid by Builder for Buyer $2,458 (2%)
Appliance Package-rent ready (subject to Offer and acceptance) $0
Real Estate Commission $4,916
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
------------------------ Yahoo! Groups Sponsor --------------------~-->
<font face=arial size=-1><a
href="http://us.ard.yahoo.com/SIG=12hfc6isp/M=362343.6886682.7839641.1493532/D=groups/S=1705003170:TM/Y=YAHOO/EXP=1123302003/A=2894354/R=0/SIG=11qvf79s7/*http://http://www.globalgiving.com/cb/cidi/c_darfur.html";>Help
Sudanese refugees rebuild their lives through GlobalGiving</a>.</font>
--------------------------------------------------------------------~->
Apply for Commercial Real Estate loans online and submit your deal to dozens of
hungry lenders in just minutes. Loan programs for all types of business and
commercial real estate. Apply anytime at http://realestatezoo.com
RealEstate
Part of RealEstateZoo.Com
-------------------------------------
Post message: [email protected]
Subscribe: [EMAIL PROTECTED]
Unsubscribe: [EMAIL PROTECTED]
List owner: [EMAIL PROTECTED]
Web Site: http://groups.yahoo.com/group/RealEstate
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/RealEstate/
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
