Private Real Estate Offerings Replace Reits and Mutual Fund Investing
Posted: Saturday, October 10, 2009
by Jon Gresham
civilsociety.Seedwiki
Real Estate Offering as Public Offering.
Public buyers of real estate investments are frustrated by the few excellent investments available to them. A significant source of potential investments with demonstrated high returns can be found in the local holdings of private investors.
For example, a significant return on investment can be seen in this current property for sale in Montgomery, Alabama.
3009 Susan Drive, Montgomery, AL 36116.
1364 sq. ft; 3 bedroom / 2 bath, Brick and stucco outside
Neat and tidy neighborhood: Montwood Estates
Large 9,418 sq. ft. lot with privacy fence
Home Warranty is included!
Microwave, fridge, range, rangehood, washing machine.
Central Air & Heat
Comparative Market Value: $83,000
Buy now at: $68,800
Appraised at $82,000 on 2/20/2007 by Jennifer Petty before the rehab was complete.
Legal Description: MONTWOOD ESTATES PLAT 4C LOT 22 BLK M PLAT BK 028 PAGE 046.
Benefits. Appreciating neighborhood, reliable tenant in place earning the owner a gross income of $725 per month, with mortgages available at less than $400 per month.
A net return of $325 per month ($3,900 yearly) on an investment of 10% down ($6,880) is 56.6% per year. If you have excellent credit, you might be able to get a loan at less than $400 per month!
This pretty home was completely refurbished in 2007 with all-new appliances, new heating/cooling system, updated kitchen, new windows, new carpet, new paint, new fixtures, new plumbing, wired alarm system, and architectural grade shingles. Full home warranty includes appliances!
This neighborhood is solid middle-income, with long-term owners and much attractive landscaping.
Taxes are $416/year; insurance $439/year
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Comparable Sales on similar homes sold within 1 mile.
3213 Capwood Curve, 0.34 miles. $80,148.
3152 Alison Dr, 0.19 miles. $80,051.
2922 SUSAN DR, 0.16 miles. $74,900.
2817 Shenandoah. 0.82 miles. $78,222.
2630 Country Brook DR, 0.71 miles. $87,000.
3122 DOBBS DR, 0.18 miles. $79,070.
3929 MATTERHORN ST, 0.51 miles. $76,000.
3922 MATTERHORN ST, 0.53 miles. $80,000.
3958 KIMBERLY ST, 0.67 miles. $80,000.
4218 WOODLEY RD, 0.53 miles. $82,750.
4230 FAIRWOOD DR, 0.56 miles. $83,000.
3800 PINE SHADOW LN, 0.32 miles. $85,500.
4301 PARKER LN, 0.75 miles. $93,000.
This neighborhood demonstrates what a great investment this property will be. 56.6% per year return on investment!
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For more information on purchasing an investment like this, please contact Jon Gresham, Heart of Dixie REI.
Email: intl@securenym.net
Please include a subject line of "Susan Drive Investment."
Telephone: 334-300-2109
http://www.Heart-Dixie.com
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