Posted by Russell Draper on August 11, 2008 at 12:43:02:
That’s all the info I have, aside from this:
Lease Option price: $35,000 24 months
Tenant pays Utilities and taxes
Tenant is repairing building.
Appraised for almost $50k apparently.
New to NNN - explain this to me? - Posted by Russell Draper
Posted by Russell Draper on August 07, 2008 at 11:34:30:
I understand the concept, but how would the numbers work on this one:
Single Family Home
Cost: $30,000
Rent: $630 per month
Lease Option price: $35,000 24 months
How exactly would I determine my profit on this? At $630/mo that doesn’t add up to $35,000 in 2 years, only $15k, so where does the other $20k come from? Or is the rent above the purchase price and also profit?
I’m confused with what you are asking. Your lease option price is $35k, you don’t mention what the payment on the lease option is. Rent is $630/month for the tenant ($7560 annually). Who pays taxes, ins, main, etc… Is your question about a NNN or is this a good investment?
Re: New to NNN - explain this to me? - Posted by Russell Draper
Posted by Russell Draper on August 11, 2008 at 06:36:20:
The listing doesn’t say what the payment is, do I expect that they will pay the $35k in full after 2 years in addition to the rent? It appears the tenant pays the taxes and everything else from what I can tell.