Offering 6-Year Finance Term, $15K down, no credit checks, no interest
Selling cash flowing, complete turn-key SF rentals in suburbs of Detroit, MI. Now is the time to take advantage of great return on investments. These are all fully managed with one or two year leases in place. Don't think banks or hard money lenders can touch this. I'd like your thoughts on this deal.
15K DOWN - 6 YEAR TERM
House cost 33k each
15k down 18k financed over 6 years at $250 a month
Each house returns $750 a month rent
Monthly cost to finance $250
Monthly Gross Rent: $750
Less monthly finance payment $250
Less Expenses $270
Your total monthly income of $230 rent paid to you.
FOR 5 SF RENTALS your numbers are:
Monthly Gross Rent: $3,750
Less Monthly Finance payment $1,250
Less Monthly Expenses $1,150
Your Total Monthly Income of $1,350
The property management fee charged for one individual single family home is typically $100 per month. Since you would be purchasing a block of five, you would receive a discounted management fee of 8% each thus the discrepancy found in your monthly net income for five versus individual purchases.