Norada Real Estate Investments

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As Little as $8,625 Out of Pocket!

Positive Cash Flow and Equity
Stated-Income Loans Available!

Real Estate Investment in Bayside Park, Waveland, Mississippi

 Mississippi Go Zone - 4 Bedroom Investment

DealGrader Score = 9.3

 New 4 Bedroom Model 
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Hurricane Katrina devastated the Mississippi Gulf Coast, destroying over 64,000 homes and tens of thousands of rental properties. This has created a very large and critical need for new affordable home construction.

Webinar VideosWebinar replay from March 29, 2008 - Part 1  (21 minutes)
Webinar replay from March 29, 2008 - Part 2  (35 minutes)

   
Investment Strategy:Buy & Hold
 Location:Waveland, Mississippi
 Property Type:House (4 bedroom, 2 bath)
 Transaction type:Pre-Construction
 Market Value:$154,000
 Purchase Price:$138,300
 Instant Equity:$15,700  (10%)
 Cash Flow:$1,695  (year 1)
 Capitalization Rate:8.7%  (year 1)
   
   
Up to $8,526 cash-back at close!
$1,500 builder-paid construction interest!
No mortgage payments during construction.
Over 8% capitalization rate and positive cash flow!
High growth market. Large rental demand.
100% turn-key tenant-ready homes.
Second largest gaming destination in the USA.
Accelerated 50% depreciation (if qualified).
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