TITLE:
Long Term Tenants
CONTROL:
Owner
VALUE:
$220,700
LOAN:
$161,673
EQUITY:
$59,027
TYPE:
Homes/Condos
HAVE:
Long term tenants in this home. Built-in 1910; 735 sqft; 2br 1 ba. Remodeled 2010. Appraised 10/24/2023
ADDRESS:
314 NW 2nd Ave, Kelso, Washington
BENEFITS TO NEW OWNER:
1.5-year tenants. 2 single men. Upside: Nice interior. New Bathroom floor down to joists. small fenced yard.
GROSS SCHEDULED INCOME:
$16,800 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$16,800
EXPENSES:
$1,991
NOI:
$14,809
DEBT SERVICE:
$14,616
CASH FLOW:
$193
CAP RATE:
6.71%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$161,673
$1,218
7%
11/04/2028
Yes
BENEFITS SOUGHT:
Improve position. the upside in the next project.
CAN ADD:
Other rentals and lots in the book.
REMARKS:
New Roof 2023. New Elec box 2025.
COUNSELOR:
Hal Palmer
PDG Services
P. O. Box G
Longview, Washington, 98632
