TITLE:
Long term Occupant in Nice area
CONTROL:
Owner
VALUE:
$234,500
LOAN:
$117,851
EQUITY:
$116,649
TYPE:
Homes/Condos
HAVE:
Nice 3-bedroom rental in a good neighborhood with a long-term tenant who does want to buy the house in the future. Built in 1955, remodeled in 2015. 845 sq ft. Fresh paint and gutters.
ADDRESS:
257 Carolina, Longview, Washington
BENEFITS TO NEW OWNER:
Potential future sale. Stable tenancy. New roof completed 11/2021. The tenant will paint the house.
GROSS SCHEDULED INCOME:
$13,200 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$13,200
EXPENSES:
$2,043
NOI:
$11,157
DEBT SERVICE:
$8,376
CASH FLOW:
$2,781
CAP RATE:
4.76%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$117,851
$698
4%
06/30/2024
Yes
BENEFITS SOUGHT:
Improve position. Payoff debt. refinance. upside.
CAN ADD:
Other rentals in the book. Financability;
REMARKS:
This property has many improvements
COUNSELOR:
Hal Palmer
PDG Services
P. O. Box G
Longview, Washington, 98632
