All Forum Posts by: Demetrius Brown

Hi I am a cash buyer looking for small Multi-Family Rental Properties in Tampa, FL $300,000 and under, 2-4 units turn key. 

Thank you

Demetrius Brown 

[email protected]

504-535-5815 Corporate Office

727-564-6560 Mobile 

Real Estate Proposal

Property: 342 Penn Mill Lakes Blvd Covington, LA 70435

incomepropertysolution.com

[email protected]

Demetrius Brown on behalf of

Demetrius Investments LLC

504-535-5815 corporate office

Property Description

This Gorgeous 2 Story Single-Family House Is selling for a price of only $189,999 all cash, act fast!(504) 535-5815

Description of House:The address of this BEAUTIFUL 2 Story Single-Family Home is 342 Penn Mill Lakes Blvd, Covington, LA 70435. The House is 4 Beds, 3 Baths 2,228 sf. 2 story home with a 2 Car Garage,and was built in 2010. The land is Front Footage 78 SF, and Dept. 127 SF. Which gives it a Huge yard! And inside laundry.Opportunity to own this spacious house with a multiple car driveway.Never Flooded! Great French Style home, beautiful landscaping, and water front view. Carpet, ceramic tile, and ceiling fans throughout, with open floor plan. Master bedroom has two walk in closets. Wood burning/gas fire place. Kitchen includes dark cherry cabinets, granite counter tops, stainless oven/range, microwave, dishwasher, & refrigerator (fridge stays with house) Community Pool, and Bike trails. Multiple opportunities to have it all to yourself, or rent it out and sit back and collect massive rent! Hurry, don't let this one getaway!

• Description of Neighborhood: LOCATION, LOCATION, LOCATION! For the surrounding community of Covington, LA 70435,with walking and bike trails to the community pool and volleyball courts and several lakes to fish in! Moreover the nearby schools are Great! and include Covington High School, Pine View Middle School and Covington Elementary School.CALL NOW!!! (504) 535-5815

The Numbers

After repair value (ARV): $251,765.00

Asking Price: $189,999

Repairs: $6,750

__________

Profit: $55,016.00

Average Rents Per Unit $1,745/ Month

Comps

1) 2220 Darlene Dr, Covington, LA 70435 3 Beds/2 Baths 2,309 SQ FT Sold $270,505 11/17/17.

2)16060 Lake Ramsey RD Covington, LA 70435 4 Beds/2 Baths 1,960 SQ FT Sold $209,000 2/20/18.

Affordability

Payment Calculator

$1,228

Month

Principal & Interest$859

Property Tax $116

Home Insurance $83

HOA Fees $38

Mortgage Insurance$131

Home Price $189,999

Down Payment ($)10,000

5(%)

Mortgage Loan Type

30-Year Fixed 30-Year Fixed FHA 30-Year Fixed VA 20-Year Fixed 15-Year Fixed 10-Year Fixed 7/1 ARM 5/1 ARM

30-Year Fixed

Interest Rate 4(%)

Demetrius Investments LLC

incomepropertysolution.com

[email protected]

(504) 305-4412 Fax

(727) 564-6560 Mobile

You're awesome, thanks Mindy!