RESIDENTIAL INVESTMENT OPPORTUNITY: HOW IT WORKS: This type - TopicsExpress

RESIDENTIAL INVESTMENT OPPORTUNITY: HOW IT WORKS: This type of investment strategy takes advantage of the extremely strong rental market in Northern VA. Similar properties in this subdivision rent for $1,350. If you put down 25% on this property ($42,500), you could make up to $490/month. This is ON TOP of someone else building equity in your property by paying your mortgage for you. THE DETAILS: -Dumfries, VA -2 Levels, 4 BR, 2 Full Baths, 1 Half Baths -List Price: $194,900 -25% down, 4.5% interest = $860 monthly mortgage payment (this includes PITI (principle, interest, taxes, insurance) & HOA) -Similar properties renting for $1,350 month -Rental market: Should rent quickly. No similar vacancies in subdivision -APR: 4.77% Feel free to contact me if you are interested in learning more about purchasing rental property in Northern Virginia. 703-639-8869 or Danielle.wateridge@gmail Danielle Wateridge Prudential PenFed Realty Reston, Virginia

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