Description

TownHouse owned since 2013 at 100% occupancy. Tenant pays $895/mo. +water. Nice turn-key unit, great for a new investor (no hassle). This condo attracts good long term tenant w/ multiple applications when listed. It is only 6 blocks from beach & walking distance to park w/ pools & indoor tennis club. It sits on a quiet wooded cul-de-sac of homes at $180,000+. We're one of only a few condos in the complex with grand-fathered rental certificates due to new zoning law. My wife is on the HOA board & they work hard to keep fee low at $130/mo. Fire insurance policy is included with HOA & that saves you ~$50/mo. on full insurance. All appliances replaced including W/D, new paint & carpet last year. Price: $99,000 $20,000 down Term: 5 years Interest: 8% P&I: $765/mo (amortized over approx. 15 years) No costs to close. Attached a simple rental application (no references nec.) Also, proof of funds for down pmt, FICO score & proof of income. I understand self-employment so 3mo. bank stmt.