Home > Blogs > John Queenan > John Queenan's (johnqueenan) Blog

Cash Flow Property - Turn Key Operation 38%+ Cash on cash return.

By John Queenan

Real Estate Agent with CDPE, Nicholas H. Fingelly Real Estate

December 03, 2010 01:29 PM

408 Benham Ave

BRIDGEPORT, CT

Positive Cash Flow Property! As Owner occupied put down $6700, get $15,500 per year after expenses!

8BR/4BA Multi-Family, 4 units

$190,000

Year Built	1887
Sq Footage	3,075
Bedrooms	8
Bathrooms	4 full, 0 partial
Floors	2
Parking	Unspecified
Lot Size	4,791 sqft
HOA/Maint	$0 per month

Description

This is a great opportunity! Positive cash flow!
$40,500 PGI (Annual Income)! Finance available. This fully occupied property needs only new owner who wants to have positive cash flow.

38.3% annual cash on cash return with 25% down investor ($47,500 down).

95.9% annual cash on cash return with 3.5% down owner occupied ($6,650 down)

This is not an offer to lend. To see if you qualify call David Garofalo/Prospect Mtg @ 203-910-1845

Additional Photos