TITLE:
LITLLE HOUSE IN PUEBLO
CONTROL:
Owner
VALUE:
$140,000
LOAN:
$89,000
EQUITY:
$51,000
TYPE:
Homes/Condos
HAVE:
3 br 1 bath 738 sq ft SFR, On 2 lots. Could build additional unit.
Can add other properties and some cash. Will use as down payment, will carry or exchange. Currently leased for $1095 month
ADDRESS:
1623 Pine Street, Pueblo, Colorado
BENEFITS TO NEW OWNER:
Good property if fast growing area. Probably under rented. Note is 5 year adjustable
GROSS SCHEDULED INCOME:
$13,140 Actual
VACANCY LOSS:
$300
GROSS EFFECTIVE INCOME:
$12,840
EXPENSES:
$2,500
NOI:
$10,340
DEBT SERVICE:
$6,129
CASH FLOW:
$4,211
CAP RATE:
7.39%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$89,900
$661
5%
10/01/2027
Yes
BENEFITS SOUGHT:
Would like to combine this with other properties in the book to go up to larger commercial property
CAN ADD:
F/C 624 S Haskell, Wilcox, AZ. $40,000 Signature and 100K cash
REMARKS:
Experienced exchangor will close.
COUNSELOR:
John Spinola
Atlas Red Realty
1925 E Prater Way
Sparks, Nevada, 89431
