Palm Court! 2 Master Bedrooms & Very Private!

June 24th, 2008 categories: Condos For Sale, For Buyers

Palm Court is a gated community in Ewa Gentry. This unit is located away from the street and feels very private and quiet. It offers gas cooking, full size washer & dryer, large lanai and storage closet. One of its best features is that it has two bedrooms with each bedroom having its own bathroom. This makes it perfect for guests, roommates or partners to have their own privacy. It is leased through September 30, but will be available thereafter. A check of craigslist.com shows similar units asking $1,400 per month in rent. The following is a brief analysis of a possible investment scenario based on a rental rate of $1,400 per month.

Monthly Expenses
Maintenance fee $308
Ewa Gentry $34
Property Taxes $87
General Excise Tax $66
Total $495

Monthly Rent $1,400
Less Expenses $495
Net Income Before Mortgage Payments $905

An investor mortgage payment of $905 at 6.5%, amortized over 30 years will carry a mortgage of $143,100.

Based on a new loan of $143,100, a buyer of this property would need a down payment of $106,900 to be near a before tax break even cash flow.

PALM COURTS COMPARABLE SALES

Call me at 808-737-2093 or toll free at 877-737-2093 to see if this might meet your investment needs.

Note-please don’t rely on this information to make your investment decision. Make sure that you confirm the validity of the numbers contained in this analysis.

Other Investment Opportunities
Fairway Villa-$300,000
Sun Rise-$225,000
Village Maluhia-$300,000
Makakilo Gardens-$249,000
Terrace Towers-$350,000

This entry was posted on Tuesday, June 24th, 2008 at 10:24 am and is filed under Condos For Sale, For Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.