Great Deal Alert
The times, they are a changin! For many, many months, I couldn’t find an income property to bring to you where the numbers made any sense. Interest rates had soared and sellers were not willing or able (or both), to bring their prices into line with what was happening. Well, interest rates are still high, but finally sellers (at least SOME sellers) are bringing their prices to a place where a buyer can win. This property is a fabulous example.
It is in what I consider to be a very viable location. Boyle Hts has been climbing and climbing for several years now, and it is a place where you can get good tenants, and it is a place where I have executed many transactions. My clients are very happy with the assets they own there. If you were to buy this one, and if you were to put 25% down, you would be cash flowing – on day one – even with the high interest rates and even with the surging insurance rates – a whopping 13% cash on cash return, or about $6000/mo with only about $525K out of pocket.
OK. If you want to pursue this one or if you want to know more about it, give me a call, and I will be happy to help you out.
Ken Shapiro
818-237-6963
