DUPLEX HOME LOCATED IN HISTORIC AREA CALLED "OAKDENE PLACE." EXCELLENT LOCATION CLOSE TO CHURCHES, RIVERBEND MALL, DOWNTOWN, YMCA, PUBLIC TRANSPORTATION, ETC. GROSS ANNUAL RENT $9,504. SOME SELLER FINANCING AVAILABLE. SELLER PAYS CLOSING COSTS UP TO 3%. CASH DOWN $7000 OR TRADE. 1 AND 2 BR HOMES. BATHS WITH TUB/SHOWER. COMPLETELY REDECORATED INSIDE AND OUT; NEW PAINT, NEW CARPETING, VINYL FLOORING, CURTAINS AND BLINDS. GAS RANGE. GAS HEATING. AIR CONDITIONED. WELL INSULATED. STORMS AND SCREENS. FOUR FIREPLACES (NON WORKING ANTIQUES). CEILING FANS. LARGE COVERED PORCHES FRONT AND BACK. ROME, GA IS RATED #1 IN HEALTHCARE OUT OF 193 SMALL CITIES IN THE UNITED STATES BY FORBES MAGAZINE AND IS HOME TO MORE PHYSICIANS PER CAPITA THAN ANY OTHER CITY IN GEORGIA AND SERVES AS A HEALTH CARE CENTER FOR A REGIONAL POPULATION OF OVER 500,000 PEOPLE. CALL (77O) 953-0806.
SALES/FINANCING SCENARIO:
PRICE: $69900
CASH DOWN: $7000
1ST MORTGAGE OF $55900 @ 6.25% FOR 30YEARS: 344.19 MONTHLY PAYMENT
2ND MORTGAGE OF $7000 (BY SELLER) @9.8% FOR 10 YRS: 91.73 MONTHLY PAYMENT
TAXES(EST.): $677YEAR: 56.42 MONTHLY PAYMENT
INSURANCE (EST.): $360: 12.OO MONTHLY PAYMENT
TOTAL P.I.T.I.: 504.34 MONTHLY
ANNUAL RENT $9504: 792.00 MONTHLY INCOME
MONTHLY CASH FLOW: 287.66 MONTHLY
CASH ON CASH RETURN ($3452 DIVIDED BY $7000)EQUALS 49%
OWNER RETIRING
CALL: (770) 953-0806
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