Denver was our number one market in 2008 and is our top pick in 2009. Here's an example of one of the 12 new listings we just received in Denver. All of our other Denver listings are single family rehabbed homes, half of them have tenants in place, some have granite, tile floors, stainless appliances. They are all under $150,000 and cashflow right now. Let me know if you, or anyone you know may be interested in discussing an investment in Denver. P.S.- The majority of our rehabbed listings are in the Fitzsimmons section which is about 20 minutes from the airport and will be the largest biotech facility in the U.S. (larger than the Raleigh-Durham research triangle in NC). At least 15,000 jobs will be created by 2010 and 30,000 if the VA builds their facility. See the listing below and call me with questions. Chris Whittaker 702.285.1363
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November 12, 2008
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Cash Cow!!
Aurora/Denver, CO 80011
Duplex 20% down = $1,000 a month cash flow!! 5 min. From Fitzsimmons hospital. 8 Bed 3 bath Totally remodeled and occupied, everything is new, separate back yards with a oversized 2 car attached garage. This property is in a quiet culdesac minutes from I-70 and Fitz-simmons Hospital Development. The Value Proposition
Excellent passive cash flow! Minutes from the number 1 rated children's hospital that has just been completed and is not slowing down in growth any time soon. This is a half brick duplex with an oversize 2 car joining garage. In a quiet culdesac. Last sold in 2005 for $270,000!!
Property Data
Est. FMV:
Nexus Price:
Est. Equity:
Rented?
Current Rent:
Deposit:
Yearly Taxes: SqFt.:
Price/SqFt.:
Year Built:
# Bedrooms:
# Bathrooms: |
$225,000.00
$220,000.00
$5,000.00
Yes
$2,300.00
$2,000.00
$2,016.00 3,728
$59.01
1974
8
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Market Research & Trends The perfect storm for investors may be brewing in Denver. The current market conditions nationwide have had a much smaller impact on Denver than in many of the other large metros. This is due in large part to the influence of the state's energy sector and the improvements achieved in the transportation infrastructure. The energy boom in Colorado has created jobs in the oil and gas industry fostering a lower than average unemployment rate of 4.2%. Foreclosures still represent a major concern for investors in the Denver market, but recent data suggests that the impact thus far has been well countered by the buying activity in the metro. The steady absorption of new listings and a decline in overall inventory starting in December 2007 have many investors taking notice.
Nexus Analytics
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