Hi All,

Wow...this is one of the best opportunities I have seen in a long time for Residential Real Estate Investing.

This property is located in the NW of Tallahassee and is close to FSU (Florida State University), TCC (Tallahassee Community College, and FAMU (Florida A&M University).

Here is the MLS Sheet (Click Here to View Listings).

4 Bedroom 4 Bath 1744 heated & cooled square feet. $168,000.

Numbers with only 3 of the 4 rooms rented and figured at full list price.  I would not expect any one to pay full price at this time.

With 10% down Yearly Cash Flow Before Tax is $2,419.  After Tax Cash Flow is$3,110.  With a 5yr hold, the After Tax Rate of Return is 16.94% with the Comparable After Tax Rate of Return at 22.59%

I have a 5 page Investment Analysis worked up.  If you would like a copy, or would like to see the property feel free to call 850.545.9317 or email chris@ringtherivers.com.

Until Next Time!

Chris

 

4 Comments on Chris Chaback Great FSU Area Investment (Townhome)

NOV
22
2007

Photo

 

Chris,

Wondering why the real estate market so lousy these days? It's quite simple. Home prices are too high. This chart will help your prospective sellers to lower the price if they want to sell.

 
7:43pm • #1

Hi Chris,

 

How much is the house?, $168,000 in this blog or $189,000 in MLS?
7:45pm • #2

Nice chart!

What area is it for?  Tallahassee?

The Market for Single Family homes in not Lousy (depending on what your defenition is).  The Tallahassee Real Estate Market for Single Family homes is basicall at 2000 levels with regard to number of units sold.  Obviously, the $ volume is much higher (would be for any 7 year time frame).

I imagine, the Market could be Lousy for you.

Look forward to your comments.

Have a great day!

Chris
Chris Chaback
9:48pm • #3

The price in the MLS is $168,000 (Click Here to View Listings) 177327

 

The previouse MLS Listing had the price at $189,900 (Click Here to View Listings) 167787.  This Listing Expired back on Oct. 7, 2007.

I hope that helps!

Chris
Chris Chaback
9:55pm • #4


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The Rivers Team, Gene and Rebekah Rivers Broker/Owner

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The Rivers Team blog is designed to inform you about Tallahassee Real Estate and Tallahassee and the surrounding communities. We service Tallahassee, Crawfordville, Havana, and Leon, Franklin, Gadsden, & Jefferson Counties. This blog is maintained by our agents during their on call shift. We invite you to post your comments and replies to our Tallahassee real estate and community messages. Thank you for stopping by!


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