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Bulk Opportunity: 105 Units
• 48% Discount
• Great Suburban Location
• Easy access to Downtown Tampa
• Lake front and Wooded
• Resort Style Property
• Large Pool with Jacuzzi
• BBQ and Picnic Areas
• Large units
• Vaulted Ceilings and Bay Windows in Some Units
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| Type | Bed | Full Bath |
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Condo | 1-2 | 1-2 |
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GO Zone Positive Cash Flow Opportunity
- GO Zone = allows a bonus depreciation deduction in the first year, equal to 50% of its cost. (In addition to normal depreciation deductions.)
- Property MUST be owned Dec. 31, 2007 for personal property, or Dec. 31, 2008
for real property
- Baton Rouge --> home of 2 major casinos, with a 3rd on its way (end of 2008)
--> In 2007, personal income grew at 10.5%
--> Population expected to grow 1.5 - 2.5% over the next 3 years
- Louisiana is ONE of only 2 states in the nation expected to have positive growth in real estate from 2007 to 2008!
eThree Investor Package:
1. Seller will pay HOA for first 3 months ($450 value)
2. Seller will pay $1100 month for 24 months ($26,400 value)
3. Buyer can keep all rental income!
Total Value = $26,850 + Incredible Tax Benefits
For Detailed Cash Flow, download links above.
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| Type | Bed | Full Bath | Square Footage |
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Other | 3 | 2 | 1800 |
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SERENITY MEADOWS MULTI-FAMILY HOUSING DEVELOPMENT
Purchase Price $ 178,500
Projected Rental Income $2,200 - $2,400 monthly
Property Mgmt. $120 month per DUPLEX
HOA $115 month per DUPLEX
Insurance $117 month per DUPLEX
Property Tax * $447 (3% of Assessed Value)
(NOI) $ 16,812-$19,212
Cap Rate * 9.4% - 10.8%
* Estimate based on projected rents
Each unit is 3 bed 2.5 bath with a 2 car tandem garage = 1724 sq ft! Total 3449 sq ft per DUPLEX!
Rent Ready: Refrigerator, Washer, Dryer, Blinds, Garage Door Opener & Fully Landscaped front & back yards!
On site Property Management, Clubhouse, Pool, and a Playground!
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| Type | Bed | Full Bath | Square Footage |
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Duplex | 3 | 2 | 3448 |
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2 bd/ 2.5 baths: 1400 sq. ft.
3 bd/ 2.5 baths 1 Car Garage: 1500 sq. ft
3 bd/ 2.5 baths 2 Car Garage: 1700 sq. ft.
3% towards Closing Costs
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| Type | Bed | Full Bath | Square Footage |
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Town-Home | 3/2 | 2 | 1400-1700 |
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FOR INVESTORS/ INVESTOR GROUPS
Opportunity to purchase at a discount of 35% or get a guarantee of 3% return every 6 months. Read page 2 of SUMMARY OF OFFERING (above) for details. Contact us today. Limited time offer.
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| Type | Bed | Full Bath | Square Footage |
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Condo | 1/2 | 1/2 | 1049 |
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Estimated Annual Cash Flows
$13,200 Projected Rental Income
($ 7,200 Mortgage Payments)
($ 1,320 Property Management Fee)
($ 120* Property Taxes), 1st year taxes on lot value only, 2nd year taxes will be $1000
($ 1,680 Insurance)
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$ 2,880 Projected POSITIVE Cash Flow*
* Contingent upon your personal financial profile and loan package chosen by you. These figures are
estimates only and you should perform your own independent verification.
Additional benefits...
1. A down payment as little as $18,000 to $23,000 depending on the financing option selected.
2. Special government tax incentives that can provide you with a $53,000 tax deduction in the first year!*
3. Builder pays closing costs!
4. Strong potential for appreciation.
5. Homes are so well built - you will save $1000 per year on wind insurance!
*Please consult w/ your professional tax advisor to understand how the GO Zone & other tax benefits can apply to you.
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| Type | Bed | Full Bath | Square Footage |
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Pre-Construction | 3 | 2 | 1457 |
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