Great Investments in New Orleans (GO-Zone), Tulsa, Charlotte, Denver and more
4/9/2008
Dear ICG Investor, The properties listed below are AVAILABLE NOW! If you are interested in any of these properties please contact Sandra Wing at ICG: sandrawing@icgre.com or 415-927-7504.
AVAILABLE HOMES - READY FOR PURCHASE NOW! ===============================================
Chalmette, New Orleans, LA - Great Investment Oppurtuntiy Strong positive cash-flow and GO-Zone Tax Benefits. Chalmette is a quiet suburbs only 15 minutes drive away from the center of New Orleans, one of the most vibrant cities in the US. Hundreds of millions of Dollars of federal funds and are invested in the area in order to rebuild the metro New Orleans and the area.
Beds/Baths
Sq. Ft.
Purchase Price
Down-payment (20% down)
Expenses 20% Down @ 6.5% Annual
Projected Rent (Annual)
Projected Cash-Flow (Annual)
Comments
3/2
1400-1600
$135,000
$27,000
$11,316
$16,800
$3,804 ($317/month)
Completely renovated homes
The management fee is 10% of rent plus 15% leasing fee
First year property managment free
High demand for rentals
Over 100,000 people still live in FEMA trailers
Equivalent homes in Chalmette are selling from $135,000 to $165,000
All the houses built so far had leases signed before the completion of the construction!
FEMA subsidizes rents at first – extremely high initial rents
Option: tenants with a lease/option agreement for 2 years
The county, St. Bernard, was the fastest growing county in the nation in 2007 with an incredible population increase of 43%!
Charlotte, NC
Property
Actual Price
DISCOUNTED
PRICE
Investor
Savings
Estimated
Rent
Estimated expenses w/20% down
Estimated Monthly Cash
Flow w/20% down
1
$209,980
$183,990
$25,990
$1558-$1747
$1335
Min: $223 Max:$412
2
$192,090
$174,990
$17,100
$1396-$1564
$1266
Min: $130 Max: $298
Savannah, GA
Property
Actual Price
DISCOUNTED
PRICE
Investor
Savings
Estimated
Rent
Estimated expenses w/20% down
Estimated Monthly Cash Flow w/20% down
1
$165,000
$145,000
$20,000
$1250 – $1350
$1,124
Min: 126 Max: 226
2
$185,200
$175,200
$10,000
$1250 – $1350
$1,256
Min: ($6) Max: $94
3
$178,660
$163,000
$15,660
$1300 – $1400
$1,151
Min: $149 Max: $249
4
$192,640
$185,900
$6,740
$1400 – $1550
$1,293
Min: $107 Max: $257
5
$186,389
$179,900
$6,480
$1350 – $1500
$1,254
Min: $96 Max: $246
6
$196,775
$189,900
$6,875
$1450 – $1600
$1,320
Min: $130 Max: $280
Tulsa, OK
Property
DISCOUNTED
PRICE
Estimated Rent
Estimated expenses w/20% down
Estimated Monthly Cash Flow
w/20% down
1
$173,640
$1295-$1395
$1270
Min: $25 Max $125
Oklahoma, OK (THESE ARE MODEL HOMES WITH 1 YEAR BUILDER LEASE OPTIONS!)
Property
DISCOUNTED
PRICE
Estimated
Rent
Estimated expenses w/20% down
Estimated Monthly Cash Flow w/20% down AFTER 1 YEAR LEASEBACK
1
$129,900
$1050 - $1095
$872
Min: $178 Max: 223
2
$208,990
$1350 - $1400
$1470
Min: ($120) Max: ($70)
3
$169,900
$1200 – $1275
$1197
Min: $3 Max: $78
Denver, CO Due to the strengthening new home market in the Denver area (prices ranging from $150,000 to $225,000); we are unable to provide a list of available properties at this time that would be relevant for more than a couple of days. HUD/VA – the HUD Acquired Properties below are examples of recent sales. Due to the ever changing inventory of HUD/VA properties; please contact ICG for what is available today.