TITLE:
MH Home lot Santa FE
CONTROL:
Partner
VALUE:
$195,000
LOAN:
$80,000
EQUITY:
$115,000
TYPE:
Mobile Home/RV
HAVE:
Have a rare MH lot in Santa FE NM. currently has a 1975 MH on the property. Once that is replace the owner could set up a second NH on the property using the city of Santa Fe's second dwelling ordinance.
ADDRESS:
113 Vereda de valancia, Santa fe, New Mexico
BENEFITS TO NEW OWNER:
owner would be able to rent out 2 MH lots in Santa Fe NM
GROSS SCHEDULED INCOME:
$21,600 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$21,600
EXPENSES:
$2,500
NOI:
$19,100
DEBT SERVICE:
$8,252
CASH FLOW:
$10,848
CAP RATE:
9.79%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$80,000
$687
10%
02/28/2027
Yes
BENEFITS SOUGHT:
other projects on the table looking to cosolidate projects
CAN ADD:
land, cash up to 150K or possible bank loan up to 500K
REMARKS:
Perfect to the person that wants to own a home in Santa Fe. Rent one space out and keep the other for yourself. Owner Broker
COUNSELOR:
Gary Bernier
Vista Real Estate Solutions
PO Box 37376
Albuquerque, New Mexico, 87176
