Model Home Lease Back
TRUSTWAY HOMES BRITTANY III
Collect between 10 to 12 months advance payment of rent at
closing!!!!!
Over $140 per month positive cash flow.
Payton Downs, Gastonia, NC
Our Favorite and Most Popular Rental Home
This very desirable home will command rental rates well above
market. The initial lease
will be for one year with an option to renew for a second year. The
second year's lease payments are paid monthly.
Pro forma - Projections Only
Investor sales price $162,900
5% down $8,145
Loan amount $154,755
Mortgage payment, 6.25% interest only $806
Estimate property taxes $150
Estimated homeowners insurance $50
Property management $105
Homeowners association $15
Total of payments, estimated $1,126
Estimated fair market Rent $1,290
Positive cash flow, monthly $164
Positive cash flow, annual $1,968
Down Payment 5% $8,145
Return on investment cash-on-cash 20% to 24.2%
Prepaid Rent 12 months 14,290
Deposit lock down is $1,500 plus $375 cost of appraisal allowance
due from investor-buyer; then balance of 5% down payment delivered
to closing attorney's escrow trust account upon acceptance of Offer
to Buy Contract within 60 days of closing date and upon approval of
loan and with commitment letter from lender. .
Photos, plans and elevations are available via email upon request.
NOTE: Investors should anticipate lease purchase offers as well as
Purchase Offers on this model home. .
Thank you,
Jacques Fortune
Real Estate Studio
www.InvestorsIdealHomes.com
www.RealEstateStudio.com
www.RealEstateStudioProjects.com
(704) 342-1597 Home Office
(704) 648-4453 Cell
(704) 543-6977 Office
10801 Johnston Road Suite 107
Charlotte, NC 28226
[EMAIL PROTECTED]
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