Call Jon at 407.9546 or Blake at 921.5934 for more details
Excellent Deal from historical perspective- Priced to sell Yesterday! Pre year 2000 value!
$52 per square foot in Boise! That's well below replacement cost, and it's on .38 acres.
This House
Year Assessed Value
2010 $124,900
2008 $180,200
2006 $162,300
2003 $117,900
2000 $104,700
Your price: $83,160. That over $21,000 less than it was worth 10 years ago! And those are nominal dollars, if you adjust for inflation, paying $83,160 now would be like paying $67,400 for it back in the year 2000. That's a huge discount. At this price it's just $52 per square foot! And it has 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. There is new carpet already installed throughout the house. The yard attention, but there's nothing that needs to be done before someone were to move in. It's really in great shape.
Easy to rent - $1095/month - 10.6% 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, insurance, and 5% vacancy per year. Click below for Rent Comps:
http://www.finestexpert.com/investment-property/For-Sale/11815%20dickens,%20boise,%20id
If you were to do a lease option or rent to own, you could ask for more.
$397/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 just shy of $400/month. $400 on something that rents for just $1,095!? That's a cash cow.
House Specifics:
1574 sqft
4 bed 2 bath
2 car garage
Large .38 acre lot
Built in 1995
A lot of house for the money. At $52/foot you are buying this house for literally less than it would cost to build it, and that's if you got the .38 acre 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
11815 W Dickens Dr
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