22486 Cantrel Way
Farmington, MN 55024 ·
2,400 SF · Residential Income For Sale
Turnkey Lease Option or Contract for Deed - CASH U
|Price||N/A||Property Use Type||Investment|
|Building Size||2,400 SF||Construction Status||Under Construction/Proposed|
|Property Type||Residential Income||Cap Rate||7%|
|Property Sub-type||Single-Unit (SFR/Condo)|
|Listing ID: 15461312||Date Created: 11/30/2007||Last Updated: 03/10/2008|
$347,000 before $62K CASH BACK AT CLOSING
4 Bed, 3 Bath
NEW PRE-CONSTRUCTION HOMES!
with a creative strategy bringing you
INSTANT PROFITS at closing!
Even more profits when you sell!
This is a turn-key strategy with a strong team in place for financing, property management, insurance, contract for deed specialists, etc. They handle all the work catered to your personal goals.
à New Pre-Construction Single Family Homes
à Lease Option or Contract for Deed Ready (FULL TURN KEY)
à Washer, Dryer, Refrigerator, Stove, Dishwasher etc.
à Approx. 2400-2600 sq. ft
à 4-5 bedroom
à 2-3 Full Bath
à 3 Car Garages
à Current Market Value = $365,876.29 (+ OR 20K depending on options)
à Investors Purchase Price = $347,667.20
à Construction Profit sharing upon closing = $62,619
à Immediate Equity in the property = $17,333
TOTAL VALUE OF THIS DEAL
$62,619 in construction profits!
$17,333 in equity in the property!
Grand total = $79,952!!!!
Farmington is a rapidly growing city located about 20 minutes outside the Minneapolis/St Paul metropolitan area.
As one of the fastest growing communities in the metropolitan area, the City is proud of its agricultural heritage, its small town roots and equally proud of the many new residents, businesses and organizations that call Farmington their home.
Area expects approx 5% appreciation.
22486 Cantrel Way, Farmington, MN 55024 (Dakota County)
Farmington Market Trends - Asking price index trends, sale price trends, asking rent trends
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