| | Kingman, Arizona
(60 minutes outside Las Vegas)
Click here for a map 
Joshua Model - 1148 sq feet
Click Here for a Virtual Tour
FAST APPRECIATING MARKET!
Investment Highlights Prices Are Locked In $15,000 Below New List. 2% to 3% Monthly Appreciation. 10% Appreciation Over Last 4 Months. Wal-Mart and Tyson Foods Are Expected To Create Thousands of Local Jobs. Strong Rental Market Due To Rental Shortage. Great Models With Nicely Selected Upgrades. Mortgage Brokers and Financing Are Provided. Property Managers Are Provided. Realtor Provided for Close and Eventual Resale. A Recommended Buy by Richard Lee (the foremost real estate market expert on )
Market Factors Driving Appreciation 1. Wal-Mart, Tyson Foods, and many other vendors will be employing several thousand employees over the next few years. Wal-Mart requires that their supplying vendors be within 50 miles of their distribution center which will bring even more jobs to the area. Wal-Mart is currently building their distribution center near the I-40 industrial corridor, and Kingman is located at the major intersection of the Canamex highway (I-40 East/West and 93 North/South). 2. The US Department of Transportation has approved a new bridge and highway to bypass the Hoover Dam which is currently under construction. This will cut down travel time between Arizona, Nevada and California with traffic going through Kingman. This also cut down the travel time to Las Vegas by up to an hour. The new highway will open up traffic to trucks that would otherwise not be able to cross over the Hoover Dam. And it will also open up and bring new industry to Kingman. (Click here for the DOT report) 3. Retirees form CA, OR, NV can also retire in Kingman and still be within a day’s travel of home to see their families. These individuals are selling homes with lots of equity and come to Kingman where they can purchase similar homes at 1/3 the cost. Plus, the cost of living is significantly less than where that come from.
About Kingman, Arizona Kingman Arizona was founded in 1882. It is known for its very modest beginnings as a simple railroad siding near Beale’s Springs in the Middleton Section along the newly constructed route of the Atlantic and Pacific Railroad. Located at the intersections of Interstate 40, US 93 and Historic Route 66, Kingman is situated in the scenic Hualapai Valley between the Cerbat and Hualapai mountain ranges. Kingman offers historic charm to modern luxury to the great outdoors, including the Grand Canyon, scenic Lake Mead, and historic stops all along famous Route 66.
Kingman is a historic city with 62 buildings on the National Register of Historic Buildings. Kingman is a hub of activity for history buffs and nature enthusiasts alike and is proud of its position as the center of regional culture and trade.
Kingman is known for its down-home hospitality offering everything that families, singles and retirees could want including a variety of community facilities such as museums, a library, swimming pools, lighted tennis courts and two golf courses.
Kingman has a concerned citizenry dedicated to maintaining orderly growth, resulting in a high quality of life.
Kingman's broad economic base, first-rate medical facilities and top notch schools, are testaments to the community's commitment to providing the best for its residents. (Click here for map) | | GENERAL INFORMATION | | | | | | | | Style: | | Single Story | | | Bedrooms: | | 3 | | | Baths: | | 2 | | | Sizes Available: | | 1,148 to 1,626 sq ft | | | Garage: | | 2 Car Attached | | | Roof: | | Tile | | | Lot Size: | | 80' x 100' | | | Pool/Spa: | | No | | | Association Fee: | | $0/mo. | | | | | | | | |
| | MODELS AVAILABLE
(Limited Availability) | | | | | | | | | | | | Model | Bed | Bath | Size | Garage | Market Value | Your Price | | | 1148 | 3 | 2 | 1,148 | 2 Car | $154,900 | $139,900 | | | 1331 | 3 | 2 | 1,331 | 2 Car | $164,900 | $149,900 | | | 1626 | 3 | 2 | 1,626 | 2 Car | $184,900 | $169,900 | | | | | | | | |
| | FINANCIAL INFORMATION | | | | | | | | Anticipated Closing Date: | | June 1-15, 2005 | | | | | | | | Earnest Money Deposit: | | $ 5,000 (In Escrow) | | | Assignment Fee: | | $ 6,000 | | | Initial Funds Required: | | $ 11,000 | | | | | | | | Down Payment Options: | | 0%, 5% and 10% (O.A.C.) | | | Loan Program Available: | | Stated Income, Full Doc | | | (Mortgage Broker and Financing Available For You) | | | | | | | | |
| EXIT STRATEGIES | | | | | | | | SELL TO NEW BUYER | | | | | | Simply close and re-sell to a new home buyer in July or Aug. | | | | | | | | Your Purchase Price: | | $149,900 (Model 1331) | | | Today's Market Value: | | $164,900 | | | Estimated Appreciation: | | $189,600 (2.5% /month) | | | Gross Profit on Sale: | | $ 39,700 | | | | | | | | | | | | | RENT WITH OPTION TO BUY (Using a Land Trust)* | | | | | | 1. Bump up the future market value 15% above current value. | | | New starting market value: | | $189,900 ($165k +15%) | | | less your purchase price: | | - $149,900 | | | New Profit From Day One: | | $ 40,000 | | | | | | | | 2. Rent for $100 above your total operating expenses. | | | Additional rental income: | | $ 1,200 (per year) | | | Total Profit - End of Year One: | | $ 41,200 | | | | | | | | 3. Ask for a minimum of 6% down for their Option to buy. | | | 6.3% option fee from tenant: | | $ 12,000 (of $189,900) | | | less assignment fee: | | - $ 6,000 | | | less 5% loan down-payment: | | - $ 7,495 (incl. Deposit) | | | Your Net Investment: | | $ 1,495 | | | | | | | | Return on Investment: | | 27.6% (estimate) | | | | | ($41,200 / $1,495) | | | | | | * Tenant/Buyer pays all utilities and operating expenses (PITI, maintenance and repairs, and any association fees). | | | | | | |
NOTE: Availability is limited.
Please Send All Requests To:
Marco@NoradaRealEstate.com
(Click Reply or the email link above) Norada Real Estate
(949) 218-6668
www.NoradaRealEstate.com |
