TITLE:
New Residential Construction
CONTROL:
Owner
VALUE:
$25,000
LOAN:
$0
EQUITY:
$25,000
TYPE:
Development
HAVE:
Building new homes at Lake Tansi Golf Resort in Crossville, TN. Looking for JV cash partner with min. $25k to invest in rolling new construction sales.
ADDRESS:
4029 Chica Rd., Crossville, Tennessee
BENEFITS TO NEW OWNER:
Opportunity to invest minimum $25,000 in a rolling construction program for several years to build out 10 to 20 lots with $220,000 homes.
GROSS SCHEDULED INCOME:
$5,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$5,000
EXPENSES:
$200
NOI:
$4,800
DEBT SERVICE:
$0
CASH FLOW:
$4,800
CAP RATE:
19.20%
BENEFITS SOUGHT:
JV Partner.
REMARKS:
Will consider taking an equity in another opportunity (residential rehab perhaps)for part of a JV into the new construction.
COUNSELOR:
James Maxfield
Maxfield Real Estate Group
8445 Foraker Court
Mentor, Ohio, 44060
