Cash Flow - Cash Flow - Cash Flow
125 Rental Units + 10 Garages *Investment Property*
| Start Price |
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| Current Price |
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| Time Left |
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| Bid Count |
0 |
| Buy It Now Price |
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| Reserve Price |
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| Start Time |
Monday, March 10, 2008 |
| End Time |
Sunday, June 08, 2008 |
| Location |
Erie, PA |
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Description
Buy An Entire Neighborhood In Erie, PA Lease/Purchase - No Closing Costs Until 2014Turn Your $800,000 Investment Into $1,600,000 In Less Than Six Years 125 Rental Units10 Garage Monthly Income $63,825.00Discounts $1,875.00Vacancy (5%) $3,097.50Maintenance (6%) $3,531.15Capital Improvements (3%) $1,765.58Management (5%) $2,942.63Utilities (2007 Actual) $6,293.83Insurance (2007 Actual) $3,770.25Taxes (2007 Actual) $4,832.44City Registration (2007 Actual) $403.33Lease Payment $25,200.00Monthly Cash Flow $10,113.29 Annual Cash Flow $121,359.48 Downpayment of $800,000 offers a return of 15%Cash on Cash Lease Terms As of May 1st, 2008 (70 Months) Purchase Terms: Current Appraised Value: $5,737,500.00Purchase Price as of 2/1/2014 $4,300,000.00Estimated Equity Upon Closing $1,437,500.00Down Payment $800,000.00Early Contract Discount $637,500.00 Seller willing to discount the sale price by $637,500.00 for early advance contract. Investment $800,000.00One Month Prepayment $34,136.02Total Investment $834,136.02 February 2014 Estimated Equity $1,437,500.00 70 Month Cash Flow $707,872.00 Total Return $2,145,372.90 Initial Invesment $800,000.00 70 Month Gain $1,345,372.90 Average Annual Return Of 28% The above figures do not specualte on any increase in appreciated value or increase in rents over 70 month period. We estimate a cash flow of 15% and an overall cash flow plus advance sale discount to sale at a 28% return. Contact:Palermo Realty2500 Palermo DriveErie, PA 16506(814) 835-6757www.Joepalermo.com
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