Property of the Week

Hello! Again, it has been a while since I’ve posted, but I have been doing about 25 hours a week of physical therapy for my knee, and that’s a part time job! I am back full time selling investment real estate to my clients, and there have been some good deals this fall. Every week KEVCO hosts an investment tour of properties in Fort Collins that would fit the model of student investment, so I’d like to bring these deals to you in case you’re ready to invest in the Fort Collins market. With the amazing interest rates for those who can get loans, monthly payments are down and cashflow is up. If you have a decent plan of holding onto a property (5+ years) then your annual yield can be higher than most other ways to invest your money*.

This week’s Property of the Week is an over/under duplex in Old Town Fort Collins that is priced very well for it’s location and condition. It features a new roof, electrical, and windows that will help keep maintenance costs down. There is one 2 bed 1 bath unit up and a 1 bed 1 bath unit down. The real value of this property is in that it is fully approved by the city and has gone through the process to be a “legal” duplex in the eyes of the city inspector. This can be a lengthy and expensive process, so the price of $209,000 I think is MORE than competitive. After tax cash flow (after ALL projected costs and mortgage payment) is in the $400 range, with annual projected yield over 5 years around 13%*.

Curb appeal and a new roof!

I’d like to also let you know that this is NOT a listing of mine, just what I consider a good deal in the market. If the Property of the Week is ever one of my own listings, I will certainly let you know. If you’d like to see the detailed investment analysis just shoot me an email or give me a call, I’d be happy to go over the numbers with you. Have a great rest of your week!

*Paul Hunter has attempted to present accurate calculations and realistic predictions. Please keep in mind that Paul is not a CPA. You are strongly urged to verify these figures with your CPA

Posted on November 19, 2010 at 4:28 pm
Paul Hunter | Category: Buyer Tips, Investment, Uncategorized | Tagged , , ,

2 responses to “Property of the Week”

  1. Aaron says:

    That place looks nice.

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