Monday, November 17, 2008

Cash Cow!!!!













Cash Cow!!!!

4 Unit Residential Income Property
 
4606 NW 21 Ave
Miami, FL 33142
 
Asking: $159,900
 
(1) 3 Bed 2 Bath (vacant, $220 - $250/ week potential)
(1) 2 Bed 2 Bath ($180/ week $9360 per year)
(1) 2 bed 1 Bath ($160/week $8320 per year)
(1) 1 bed 1 bath (vacant, $120 - $150/ week potential)
 
Pro Forma Yearly Gross Income:
 
$36,400.00
 
 
Fixed Expenses:
 
Taxes: $2,600/ yr (est.)
Insurance: $1,800/yr (est.)
 
 
Proposed Financing:
 
No Bank Qualifying
3% Down = $5,889.00
Rate: 6.75%
Monthly P+I Payment: $1,006.00
 
Potential Pre-tax Cash Flow:
 
$36,400.00 Gross Income (Potential)
$  2,600.00 Taxes
$  1,800.00 Insurance
$12,072.00 Mortgage Payments
 

$19,928.00 Pre-Tax  cash flow Per Year
(Remember to subtract for Maintenance, Vacancy and Management in accordance to how you run your numbers)










First come, first serve. Please fill out this form.... http://www.brothers3int.com/InvestorProfile.html 

 




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