Brewer Caldwell - Real Estate

Global Real Estate Expo Attendees!

This is one in a series of commentaries by the research staff at Brewer Caldwell

The two biggest questions from investors are, first, will it cash flow, and two, will it rent quickly? We have a great opportunity to offer to our investors that takes care of both of these concerns. We have tenants that have already found a new property that they would like to live in, but are unable to qualify to purchase at this time. The advantage for them is they get the house they want, and have an opportunity to purchase it down the road. For the investor, you have a signed tenant at closing, they will be paying higher than the market rent, increasing your cash flow, paying a higher deposit, they will be more reliable tenants already starting to feel like they taking ownership and pride in the property. In your opinion, does this seem like the kind of opportunity that you have been looking for?

If so, this is the Lease Option purchase we have available right now!

Property Location: Tolleson, AZ (west side of Phoenix)
Property Info: New Build, 1490 sq ft, single story, 3 Bed, 2 Bath, 2 CG
Sales Price $184,000
Rent $1200-1300, very likely $1275, Market rent is $925-975
Move In Deposit: $1800-1900

20% Down ($36,800)
Est Closing Costs $3,680
30 yr fixed at 6.5% (with over 720 credit score)
Mortgage Payment of $930

BCPM Management Fees est $200/ month (Discounted rate of 8% of rent, roughly $1100 per yr fees)
HOA $38/ month
Insurance $42/month
Taxes $100/ month

Based on these estimates, this is about a $65 CASH FLOW!

We want to try to move this today and get someone on it, so if you are interested, or know anyone else that is, let me know before we find another investor!

Tom Caldwell
Investment Sales Agent
Brewer Caldwell Property Management
480-212-7159
Fax 480-212-7152
Tom@BrewerCaldwell.com