Model Home Lease Backs with 12 months pre paid
Dear Investors:
We have available in the charlotte, NC area, a hand full of
model
homes which are ready for immediate closing. These model homes, once
purchased will immediately be leased back form you for a
minimum of 12 months (included in the contract). As you know, lease
back
homes are very attractive to the investor as it eliminates the
following
heartaches: need to find a suitable tenant, worries about the
property's
management, and general maintenance. Your suitable tenant in this
case will
be the builder and sense the property will be utilized as a model
home, the
premises as well as the property itself will be well maintained.
Investors
can expect the value of the property to appreciate at a 4 to 5 % rate
according to local market standards.
a) HOA fees are $20/month
b) Amenities include common areas, recreation area, clubhouse, and
pool.
c) Bristol Farms has seven lots to be built Brawley Farms however,
will have 96 more lots/homes to built and about the same number of
townhouses.
d) The firm is happy to lease back about 4 to five properties within
that general area which will be used as Model Homes/Satellite
offices to conduct business. As you know, Charlotte, NC is
experiencing significant growth and the need for similar new
residential developments is at an all time high. We are taking
advantage of this trend by positioning our agents near this general
area in order both better interact with local retail buyers and to
ultimately better capitalize.
Click or paste the link to you browser in order to get MLS
information about the properties listed below.
http://cmlslistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFul/Prt
BuyFul.asp?prp=res&AgentId=24099&EMailKey=4159798
Listed below, Mike King's (Broker in-charge/Developer) best
lease
back investment homes. Should you need further information, do not
hesitate
to contact me directly.
Jacques Fortune
License Real Estate Associate
Real Estate Studio, LLC.
704-648-6005 Cell Phone
704-543-6977 Office
1-800-827-5449 Toll Free
704-543-6995 Fax
10801 Johnston RD. Suite 107/108
Charlotte, NC 28226
1)
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: 6011 Timbertop Bristol
3 bedrooms, 3 ½ baths, 2 car gar. 2405 sq ft
Ready to close construction complete as of July 2005
Estimated Fair Market Value $189,900
Investors Purchase Price $187,900
Interest Only 3.875% rate loan payment $576
Adjust & include taxes and insurance $703
Home Owners Association $20
Total payments $723
Rent per Month $973
Positive Cash Flow $250
Down Payment $9,395
Advanced Pre paid 12 months Rent Payment $11,676
Closing Costs Paid by Builder for Buyer $3,758 (2%)
Appliance Package-rent ready (subject to Offer and acceptance)
$2,000
Real Estate Commission $7,114
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
2)
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: Lot 63 Bristol
4 bedroom, 2 ½ bath, 2 car gar., 2274 sq ft
Ready to close construction complete as of July 2005
Estimated Fair Market Value $189,500
Investors Purchase Price $186,000
Interest Only 3.875% rate loan payment $571
Adjust & include taxes and insurance $696
Home Owners Association $20
Total payments $716
Rent per Month $966
Positive Cash Flow $250
Down Payment $9,300
Advanced Pre paid 12 months Rent Payment $11,592
Closing Costs Paid by Builder for Buyer $3,720 (2%)
Appliance Package-rent ready (subject to Offer and acceptance)
$2,000
Real Estate Commission $6,077
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
Model Home Lease Back
12 months advance pre paid rent at closing.
Charlotte, NC
Reference: 2325 Meadow G
3 bedroom, 2 ½ bath, 1 car gar., 1323 sq ft
Ready to close construction complete as of July 2005
Estimated Fair Market Value $124,900
Investors Purchase Price $122,900
Interest Only 3.875% rate loan payment $377
Adjust & include taxes and insurance $522
Home Owners Association $0
Total payments $522
Rent per Month $822
Positive Cash Flow $300
Down Payment (5%) $6,145
Advanced Pre paid 12 months Rent Payment $9,864
Closing Costs Paid by Builder for Buyer $2,458 (2%)
Appliance Package-rent ready (subject to Offer and acceptance) $0
Real Estate Commission $4,916
Located in great neighborhood and in center of excellent rental
market.
Photos, floor plans available upon request.
Requires, $1,500 deposit plus $375 appraisal fee at time of contract.
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