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Pros and Cons of Purchasing a Foreclosure Auction Property
There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
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Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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  Property Details  
Property Information
Project Name : Turnkey Section 8 home 14% cap IN
Property Type : Single Family
City : Members Only
State : Indiana
Zip Code : Members Only
County : Members Only
Square Footage (GLA/ GBA) : 2231
Lot Size : Members Only
Lot Attributes : Members Only
Measurement : Sq. Ft.
Number Of Units : 0
Zoning Code : Members Only
Over All Property Condition : Above Average
Property Description:
Spacious 4 bedroom, 1 bath home build on large 6, 250 sqft lot. Average list price for similar homes for sale is $39,490 and average list price for 47302 ZIP code is $65,398. Students attend Cowan High School, Muncie Southside High School and are in area for top ranked math and reading profficiency schools in county. Property has been leased for 10 years with the same Section 8 tenant, with an annual lease of $700.00 a month. This is a perfect cash flow opportunity for investors. Total 14% return annually . The lease was renewed 09/01/2012. You can see the flyer on Buyer to verify all information
Surrounding Neighborhood:
Members Only
Purchase & Invesment Information
Purchase Price : $37,000
Investment Type : Wholesale Property
Investment Amount Needed: $37000.00
Equity offered to Equity Partner : 0.00
Estimated Cash on Cash Return for Investor : Members Only
Contingency Expiration Date : Members Only
Process Complete to Date:  
  Members Only  
Why is the Property being Sold?:
Members Only
Personal Invesment Details
Will Seller Carry a Note : No
Rate : Members Only
Years Amortized : 0.00
Amount : $0.00
Ballon Amount : $0.00
Prepayment Penalty : $0.00
Familiarity with Property : Very Familiar
Familiarity with Neighborhood : Somewhat Familiar
Time Inveting in Realestate : 3 - 5 Years
Property Documents
Brochures / Flyer (0)   Market rent / Vacncy Information(0)
Demo Graphics (0)   Floor Plan / Site Plan (0)
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