Owner Finance / For Sale by Owner– Estate Home: Must See $650,000

Stock built courtyard home in Grande Estates in Grandezza. This is a 4 bedroom , 3.5 bedroom house with a study. The 4th bedroom is a detached cabana with plenty of room for guests. Home has plantation shutters, single and double tray ceilings, raised pan cabinets with crown molding, granite countertops and an island in the kitchen. The home also has disappearing sliders off the courtyard making it perfect for entertaining. It has a 3 car garage and heated pool. It is approximately 2,900 square feet under air and 5,500 square feet total. All appliances and heating/cooling under service plans through January, 2012. The home was built in 2006.

See below for owner finance options

Contact: Les Logsdon for showings or to discuss owner finance
gonegolfing4ever@yahoo.com
19919 Markward Crossing
Estero, FL 33928
(239) 287-8517

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Homeowner is offering a leaseback option yielding varying percentages of return based on the purchase price of the house. The current homeowner will sign a lease agreement for a minimum of a one year period. Homeowner will agree to pay for all utilities and social fees associated with the home. The only two items that are the responsibility of the new owner are the quarterly homeowner’s association fees and property taxes. The details are as follows:

Purchase Price

650,000

700,000

750,000

Estimated Return

6%

10%

14%

Return after Expenses

39,000

70,000

105,000

Gross Annual Rent

51,504

82,504

117,504

Monthly Rent

4,292

6,875

9,792

Monthly Expenses

-Estimated Taxes

625

625

625

-Estimated Fees

417

417

417

Subtotal Monthly Expenses

1042

1042

1042

Net to Investor Monthly

3,250

5,833

8,750

Annual return to Investor

39,000

70,000

105,000

Current quarterly homeowner’s association fees are $417 per month or $5,000 per year. Taxes for 2011 were $6,210. Current homeowner estimated taxes of approximately $7,500 for the new owner. Current homeowner will write 1st and last month’s rent check at signing of lease agreement to be concurrent with house closing.

 

Contact: Les Logsdon for showings or to discuss owner finance
gonegolfing4ever@yahoo.com
19919 Markward Crossing
Estero, FL 33928
(239) 287-8517

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