This property is Off-Market

22486 Cantrel Way
Farmington, MN 55024 ·

2,400 SF · Residential Income For Sale

N/A

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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

Description

$347,000 before $62K CASH BACK AT CLOSING
4 Bed, 3 Bath

Property Details




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.



INVESTMENT OVERVIEW

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



THE NUMBERS

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, MINNESOTA



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.

Research

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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