
1990 W Panama St., Boise, ID
Buy with Instant Equity, you make your money when you buy. Or keep it as a rental and cash flow from day 1!
Call Jon at 407.9546 or Blake at 921.5934 for more details
Excellent Deal from historical perspective- Priced to sell Yesterday! Pre year 200 value-
$47 per square foot in Boise! That's well below replacement cost, and it has brand new carpet.
This House
Year Assessed Value Sold on MLS
2010 $145,000
2007 $200,600 $185,000
2004 $128,900
2002 $121000 $117,900
2000 $116,000
Your price: $102,060. That's less than what it sold for 8 years ago, which was way before the bubble prices, and now it's been updated and has new carpet. If you were to adjust for inflation, $117,900 in 2002 dollars is like $139,800 today. So adjusted for inflation, you're actually getting a $37,000 discount to what it sold for 8 years ago. Any way you slice it, it's just $47 per square foot, and it's really in great condition with brand new carpet throughout the house. Why so cheap? We bought this house at an auction and need to free up our cash to use on some other projects we have going on, and so we're looking to sell it as quickly as we can, even though it's a steal at this price.
Inexpensive, Turn-key Investment
The house is rent ready, tenants could move in today. It has a lot of space and a great yard with an attached 1 car garage, and a detached 2 car garage at the back of the property.
Easy to rent - $1010/month - 8% Cap Rate after expenses
This would make an excellent cash flow property at this price, and that cap rate includes $75 a month for planned maintenance, taxes, and insurance. Click below for Rent Comps:
http://www.finestexpert.com/investment-property/For-Sale/1990%20panama,%20boise,%20id
If you were to do a lease option or rent to own, you could certainly get more per month.
$250/mo Cash Cow from day 1:
Assuming a 30 year fixed 5.25% non-owner occupied loan (I'm closing on that exact loan right now for a triplex in Nampa), with a 25% down payment, you will cashflow $250/month from the very first month you put in a renter.
Super low Mortgage Payment - $657/mo
Or, if you were to buy this property as your house, you could take advantage of super low interest rates, like 4.5% and with just a 5% down payment, your total mortgage payment would be about $657/month.
Principal and Interest: $367
Taxes: $208
Insurance: $82 (including private mortgage insurance for a down payment under 20%)
House Specifics:
2138 sqft
4 bed 2 bath
3 car garage (1 attached and 2 car detached)
.19 acre lot
Built in 1976, but renovated and in great shape
A lot of house for the money. At $47/foot you are buying this house for literally less than it would cost to build it, and that's if you got the lot for free! This really is a steal of a price and it won't last long, so call now!
Call Today and put your money to work for you! Jon: 407.9546 or Blake: 921.5934
1990 W Panama St., Boise, ID

