Get this. If you paid $70,000 less a 20% down ($14,000) you would have a loan ( $56,000) that would cost $456 per month (based on a 3.725 interest rate 30 year loan) which would leave $744 for taxes, maintenance and insurance. Taxes $75.83 per month and insurance of $41 (estimated) leaves $627.17 per month on the table for maintenance.
$627.17 a month x 12= $7,526 per year in cash flow assuming there were no maintenance charges. This investment could be a 53% return on your investment. Call today!
The listing agent describes the property as...
Scott Hopper - Realtor, 530-477-2277
"If you enjoy reading my blog, please keep me in mind when you or a friend needs a real estate professional"