Super bargain price! Nice 3 bedroom/2 bath manufactured home, with stucco siding on 1 acre. Home has great living area for general enjoyment. Laundry room has lots of storage. The setting is what really sets this property apart. Besides having a full acre lot it also borders State land on the back and has great views- (making it probably worth over $20,000 more than other similar homes, and especially with the extra $5,000 worth of stucco siding, etc) On top of already being a bargain price the terms are great! Just $10,900 to assume a 5% aprox 14 yr loan at just $395 a mo loan with rent at aprox $695 a mo. This gives a $300 positive cash flow over the loan pmts and an additional $200 a mo increase from the loan which pays down $200 a mo on principle. After taxes and insurance of about $70 a mo, there is potential of a positive net increase of $430 a mo, yielding about $5000 a year and net increase. With just $10,900 cash down this gives an unheard of 45% net yearly increase potential - Last updated: Monday December 23rd
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