13205 Issaquah Hobart Rd SE, Issaquah

Closing our third home!

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Realtor.com link : http://www.realtor.com/realestateandhomes-detail/13205-Issaquah-Hobart-Rd-SE_Issaquah_WA_98027_M26624-90011?row=1

PDF: 13205 Issaquah Hobart Rd SE, Issaquah, WA 98027 | MLS# 1142719 | TheMLSonline.com

 

5 things to look at before buying :

  1. Schools Grading : 10 : CHECK OK
    • (Elementary, Middle, High : all 10)
  2. Technology companies : CHECK OK
    • Amazon, Microsoft
  3. Rental Income : CHECK OK
    • Craigslist  (below)
  4. Property Growth : 10 % YoY
    • Tech Companies
  5. Home condition : Check OK

Excellent opportunity in Seattle.

Facts:

  • Home Price: $750, 000
  • Property Tax : $6279
  • Monthly Rental : $4000 (Craiglist)
  • Yearly Income = $48,000 ($4000 * 12 : Rent) – $6279(Tax ) – $4800 ( $400 * 12 : Maintenance) = $37000 = 5%
  • Plus Appreciation = 10 % a year

Once deal closes, we take a loan of 50% and return to investors.

Loan Amount  = 50% loan = $380,000. Loan Monthly payment = $1600

Setup a system to sell if 50% or more people agree to sell the home. Or a person can sell his share to anyone else.

  • Ankur Kuchlous

Send Email to : akuchlous@gmail.com

 

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