An Empty Nest is a great Investment!
A little gem of a listing is still on the market,just waiting for a parent of a student. Great home, neat, clean, new carpet, paint,appliances.. it’s amazing! It’s near Florida State University and Tallahassee Community College,… and here’s a little about the home’s investment potential. (not to mention the fabulous peace of mind you could have!)
People! Let me break down a “Win-Win” for parents looking to send their kid to college and who think they want to purchase a home… or worse yet,.. rent for four years.
Option 1
Sales Price: $115,000
20% Down and a payment of $720/month Principle, Interest, Taxes and Insurance.
Rent $350/room ( yes that is low for Tallahassee, but let’s be conservative)
Profit: $330/month ( you’ve just paid for your kids share,…..!)
So,.. You don’t have 20% Down… Option 2:
Let’s go FHA, 3.5% Down
3.5% down and a payment of $900 month
3 kids, $350/month Rent
Profit: $150/month – There’s the cable TV/Internet.
I love my job…. now someone needs to think like I think and we can celebrate you making money when it closes! No loud music, no dirty laundry, no late night TV,.. their really in a great place… away from home!
Here’s the amazing house I am talking about 2108 Bullocks Run,.. and here’s another (should get $450/month for this one,..) at 2107 Old Bainbridge – even closer to FSU.