Special Summer Townhouse Sale
Building 200 and 300 as follows: (4 units in each)
Unit 201: 2,725 sq. ft. 3 bedroom/3 bath plus loft ---------- $389,000.00
Unit 202: 2,910 sq. ft. 3 bedroom/3 bath plus loft ---------- $399,000.00
Unit 203: 2,689 sq. ft. 3 bedroom/3 bath plus loft ---------- $389,000.00
Unit 204: 3,100 sq. ft. 3 bedroom/5 bath plus loft ---------- $425,000.00
ALL UNITS are ready to move into. Includes washer/dryer.
Bank Financing Available: 95% or $20,000 average down.
Example loan on unit 201:
Purchase Price: ------- $389,000.00
Down Payment At 5%: --- $ 20,750.00
Net Loan: ------------- $369,250.00
Interest rates at 5.75% average market rates
20 to 30 years: 2nd Home --- $2,147.00/month
Projected net income based on adjusted 55% rental occupancy:
Average: $38,821.00 / 12 or $3,235.00/month
Less Mortgage Payment: ----- $2,147.00/month
Total Estimated Net: ------- $1,088.00/month X 12 = $13,506.00
Building 400 as follows:
401 ---------- $389,000.00 402 ---------- $399,000.00 403 ---------- $389,000.00 404 ---------- $425,000.00
Note: All prices are subject to change and rental figures are based on actual 3 year averages from log home vacation rental program. Rental history on town homes unavailable.
Call: RICK BUSSEY | 828-768-1533 or DICK WOLFE | 828-698-3600