Norada Real Estate Investments

Your Premier Source for Real Estate Investments

 

Positive Cash Flow
$73,000 Immediate Equity

#1 Emerging Market in 2008
Only 10% Down-Payment

Real Estate Investment in Ocean Springs, Mississippi

 New Cash-Flow Duplexes - Ocean Springs, Mississippi

DealGrader Score = 9.0

 New 3 Bedroom Duplexes 
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Investment Strategy:Buy & Hold
 Location:Ocean Springs, Mississippi
 Property Type:Duplex (3 bedroom, 2 bath)
 Transaction type:New Construction
 Market Value:$280,000
 Purchase Price:$198,000
 Instant Equity:$73,000  (29%)
 Cash Flow:$2,395  (year 1)
 Capitalization Rate:7.5%  (year 1)

  • #1 emerging market in the United States for 2008 with an estimated 4.9% appreciation.
  • Predicted by CNN Money to average 5% annually in appreciation for next 5 years.
  • Only 4 miles from the Biloxi Casino strip.
  • Positive Monthly Cash Flow.
  • On-site property management.
  • Over 70 successes in the first round of the Small Rental Assistance Program (SRAP).
  •  Go Zone qualified for 50% "bonus depreciation" provided by the IRS.
  • High natural elevation of 36' on average that did not get wet during Katrina.
  • Unmatched on-site amenities in the Gulf Coast.  (Ask any other developer if they have a pool, day care center, club house, BBQs, play ground, walking trails, landscaping and broadband Internet throughout the community.)
  • Over 50% of homes in community dedicated towards owner occupants!
  • Sound planned exit strategy.
  • Highly rated public school systems within 1 mile.
  • We are able to write your purchase agreement contingent upon the approval of the Small Rental Assistance Program (SRAP)!
  • Quantities are limited. Reserve today!
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