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Old 01-17-2006, 09:37 AM
zunainvestorabundance
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Thumbs up 8 houses for $499K in Tennessee

8 Custom Built Homes for $499,000[/CENTER
[CENTER]Cookeville, TN


Description:
15 bedrooms, 8 bathrooms
5 houses are 28 by 46, 3bd/1bth
3 houses are 28 by 48, 4bd/1bth

100% Occupied
Rent for 28 by 50 homes, tenant pays $650 a month, 12mths x $650= $7800
5 homes @ $650 a month for 12 months = $39,000.00 CASH FOR INVESTOR

Rent for 28 by 80 homes, tenant pays $720 a month, 12mths X $720=$8640
3 homes @ $720 a month for 12 months = $25,920.00 CASH FOR INVESTOR

COMPARABLES:
Avg. house in Cookeville, TN $69,000
visit: [URL=http://www.cookeville/relocation/economy]

WILL SALE HOUSES INDIVIDUALLY, 3/1 FOR $55K, 4/1 FOR $65K

THIS PACKAGE DEAL COMES WITH TENANTS IN ALL THE HOUSES AS WELL AS A REPUTABLE PROPERTY MANAGER.

FOR ADDITIONAL INFO. CALL 661 723-5008, Evette OR EMAIL www.zunainvestments@hotmail.com ]
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