NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Buyer's Broker VALUE: $202,000
    LOAN: $89,000
    EQUITY: $113,000
TITLE: CORPUS CHRISTI LEASED SINGLE FAMILY HOME
TYPE OF PROPERTY: Homes/Condos
HAVE: 2043 Sq Ft single family home,leased for one year at $1525 per month.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Corpus Christi, TX COUNTY:
BENEFITS TO NEW OWNER: Easy path to cash on a sale, lease for income, second home, can be delivered free and clear, Owner is a Buyer with this equity. $90,000 recently spent on renovations, including hurricane certified windows, etc, etc, etc.
GROSS SCHEDULED INCOME: $18,300    Projected
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $18,300
EXPENSES: $6,900
NOI: $11,400
DEBT SERVICE: $12,780
CASH FLOW: $-1,380
CAP RATE: 5.64%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $88,162 $1,065 5.00% 2044 N
LOAN 2:      
BENEFITS SOUGHT: Increase multi-family portfolio. MHPS, apartments, anything that builds the portfolio. "Damn the Torpedoes." "Take that hill."
CAN ADD: $250,000 First Note on 5 units in Corpus Christi, Second Notes on: Colorado income property, Wichita Townhomes, Cape Coral, FL condos.
REMARKS: Client is a retired Air Force Colonel who seeks to grow a very large portfolio of properties in a very short time. She will leverage 100% to get where she wants: a legacy for future generations.
COUNSELOR: Blake Allen, EMS, CCIM
Allen Realty
108 Canon ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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