Short term Private Financing at 7% interest

New Construction

 Short term Private Financing at 7% interest

 Cash flow positive 

$160,000

  
                                      






Property 177

An Exceptional Investment Opportunity in Pearl, Mississippi 

 

 This single-family home is an outstanding investment featuring a pro-forma cumulative return (cash flow + initial equity + appreciation + equity build-up) of more than $152,000 over 10 years. 

 

Price: $160k

 

Acquisition costs: $35,200

       (20% down, $3200 in closing costs)

 

Terms

: 7% interest only loan, 20% down, 2% origination fee, 9 month balloon, builder will pay all closing costs, non-recourse loan.

 

Get your deduction this year.  

 

                                              Refinance next year. 

 

This home is located in a highly desirable city of Pearl in a new subdivision, southeast of Jackson, the state capital. It features over 1419sq ft of living space with 3 bedrooms, 2 baths, laundry room, kitchen, dining room, living room, and a 2 car garage.  Amenities include stainless appliances,  Jacuzzi tub in the master bedroom, 6" crown and baseboard, hardwood floors, and a fully landscaped yard.  The home comes complete with central heat and air.  The tenant pays all utilities.  The property will rent for $1300 and cash flows positively.  

 

The builder will pay for the first year of property management fees.

 

This property was built by one of Jackson's premier builders with a long-standing reputation for quality. As new construction, this home comes with a full one-year warranty on materials and workmanship and a seven year structural warranty, which includes the foundation and the framing and a one month vacancy warranty.  The new construction and warranty coverage will significantly lower property maintenance and repair costs and increase the cash flow during the early years of the investment.   
 

Call or email for detailed information on this investment program admin@brothers3int.com