TITLE:
GREENWOOD MAPLES
CONTROL:
Owner
VALUE:
$50,000
LOAN:
$0
EQUITY:
$50,000
TYPE:
Homes/Condos
HAVE:
CONDOMINIUM UNIT; 900 SQ FT 2 BR. GREENWOOD MAPLES; (44 UNIT CONDO PROJECT)
ADDRESS:
305 Elmead Court, #2012, Greenwood, Indiana
GROSS SCHEDULED INCOME:
$6,550 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$6,550
EXPENSES:
$2,265
NOI:
$4,285
DEBT SERVICE:
$0
CASH FLOW:
$4,285
CAP RATE:
8.57%
BENEFITS SOUGHT:
Secure larger investment; this was acquired for family member use; will exchange for Quality Diamond and carry back paper - or small down & carry back.
CAN ADD:
F/C, SF Residential Plainfield, IN @ $125,000 40 Acre Commercial Development Parcel;hot suburban N.E. Indianapolis.
REMARKS:
Open to structure; maintenance fee is $170.00/month. Can be very creative and carry paper back.
COUNSELOR:
Rick Roethke
Barrington Investment
PO Box 8190
Rancho Santa Fe, California, 92067
