21,000 ft2 lot with two incomes
- 2/1 1400 ft2 house renting $750/mth (annual lease)
- 1650 sqft steel barn renting for $200/mth;
- tax $1,603 2010; insurance(wind and hazard $1050
Net Annual income $8,747 ($750 + 200/mth x 12 = $11,400 - $1050 - $1603) 100% owned and financed by Betta Homes LLC; seeking either A) 1st mortgage for $50,000 @ 9%; or B) investor for 50% equity $40,000, or C) full sale at $80,000; Current ARV; $83,000; Tax value $81,000 contact info@bettahomes.com