*Builder's model with a 12-month leaseback for $5500/month*
RARE opportunity top finishes in a High End neighborhood!
Builder will also pay the HOA fee for the first year of $2200/year
Builder will pay all carrying costs minus homeowner insurance but they’ll have their own rider.
Quick Equity Exit
We project the post-street completion value to be $1,250,000 at the end of the lease period in which the investor can turn around and sell this subject for a quick equity exit.
This is the LAST basement home that will ever become available in the most desired subdivision.
There will no longer be basement homes built here, and there are slab homes being sold at the same price.
Vide link https://youtu.be/9AFbWyOgrOM
Specifications
6 Beds | 5.5 Baths | 5,347 sqft | 3 car garage | 2021 built
- 22ft ceilings in the living room, walls of windows looking out to your huge covered deck, and the finished basement has a bedroom and bathroom, huge den and kitchenette area.
Schools ratings: A
About this opportunity
- Phase one:
Hold for 1 year under the builder leaseback
Expected annual cash flow: ~$19,500
- Phase two:
Sell for ~$1,250,000 (and d1031 exchange into additional property or properties)
https://www.facebook.com/1011970346/videos/238842504814734/
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