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27 North Morrison Cove, Marion, AR 72364
Purchase Price: $149,900
Property Status: Turnkey, Needs Cosmetic Work(Included in Price)
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: Current Rent: $2,400/month as of Sept 1st, 2018
Projected Rent(at full occupancy): $8770/month
City/County Taxes*: $120/month (based on 2017 values)
Insurance: Varies – depending on coverage
Less Management (10%): $240/month
Positive Monthly Cash Flow: $872.05/month
Plus instant equity!
An extremely rare mobile home park investment opportunity in Marion, Arkansas. Current management has updated water and electrical infrastructure, implemented landscaping and trash pickup, and renovated and rented several of the mobile homes on site. New owner would be encouraged to bring in some additional mobile homes to fill the vacant mobile home lots and implement an on site resident manager. Management is available. Financing available with qualified down payment.
This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 30% – 50% of the purchase price as a down payment, and we will finance the rest over a 5 – 10 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 10 years you own your investment home free and clear, without any lien on it, producing unencumbered cash flow every month – for the rest of your life!
Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request
1) As – Is Sale: You purchase a property from us and handle any remaining renovation yourself. You can also buy turnkey homes from us that are rented and ready for delivery under our ‘As Is’ terms. A great way to get going with cashflow already in place!
2) Presale Property(Under Construction): You can elect to purchase a turnkey property from us that is under construction which will be ready for a tenant shortly. You have the option of closing the property prior to the completion of construction, and you can also hold the property until construction is complete with a deposit of nonrefundable earnest money. Either way, find a house you like and purchase the way you want!
3) Presale Property(Anticipated Delivery From Bank): Discount Property Warehouse often sources homes from large bank inventories which fit the needs of specific investors. Once we have sourced a property for you, you can hold it with earnest money until it is ready to be delivered. This way you get EXACTLY what you want without having to wait for your order to be fulfilled months from now, and we can expedite the construction and closing as per your instructions. You can also take advantage of our Silver, Gold, and Platinum package delivery options – ask your Sales rep for details!