This property will lease convervatively for $1150/month. I believe that the bank would take an offer of $140,000 and pay 3% for closing costs. Using the IHB calculator total cost of ownership is $908 and cash cost is $1130. This home will conservatively lease for $1150 and should lease in 30 days.

   Downpayment of 20%= $28,000
   Cash on cash return with 5% vacancy and no management fee= 8%

Shevy Akason

Residential

Tue, Mar 3, 2009 03:15 PM

Ref: 1

Condominium

Attached

RES

Active

Laguna Hills (LAGH)

Price $149,800*

	Laguna Hills (S2)				Zip 92656-3010		TGNO 921G5
	Orange County (OR)		XSTS La Paz and Moulton				Aerial Map
			Media: 18	Builder Tract Quail Creek (QC)
	Style Contemporary
	Bed 1		Model (*)
	Baths 1		Stories One Level		Floor				Floor 1 of 1
	View River View, Trees/Woods View				HOA Dues $ 325 + $ 0
	ASqFt 680   Assessor		YrBlt 1982  Assessor		Land Fee
	ALotSize 0	Assessor			Dim	Acres
	Prkng Carport
	Garage, # cars 0	Remotes 0	# Uncovered Spaces 0	Carport	# Garages	RV Access	Range Price Listing: No

Major Price Reduction WOW!! Serene setting. Perfect lower unit in the beautiful ******* Community. Newly painted with spacious floor plan features 1 bedroom, 1 bath, bright open kitchen and dining area. Warm laminate hardwood flooring throughout. Inside Laundry Closet for Stackable Washer/Dryer. Walk to local pool. Large private patio overlooking trees and stream. Association amenities include, pool, spa, sauna, tennis courts, also includes water, gas, and trash. Located near restaurants, shopping and freeways. Must SEE!!!

Directions x

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Shevy Akason	Phone: 949-769-1599	Mobile Ph:	Pager:
Office: Evergreen Realty	Fax: 949-387-7041	Email: shevy.akason@evergreenrealty.net	Website: http://www.evergreenrealty.net	Blog WSite  http://orangecountycaliforniarealestate.blogspot.com/

Listing Activity

LP/SqFt $220.29

Orig Price $ 173,900

Prev Price $ 159,800

Current Price $149,800

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Shevy Akason | Realtor | Evergreen Realty
 Phone 949.769.1599 | Fax 949.753.0671
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