Real Estate Project By: Stephanie Turco and Blair Griffin.

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Real Estate Real Estate Project Project By: Stephanie Turco By: Stephanie Turco and and Blair Griffin Blair Griffin

Transcript of Real Estate Project By: Stephanie Turco and Blair Griffin.

Page 1: Real Estate Project By: Stephanie Turco and Blair Griffin.

Real Estate ProjectReal Estate Project

By: Stephanie TurcoBy: Stephanie Turco

andand

Blair Griffin Blair Griffin

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17374 Sapp Place JUPITER,FL  33405

Our Property

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Property Features:Property Features:•Single Family Property •Area: 5100 •Subdivision: JUPITER GARDENS •Complex Name: JUPITER GARDENS •County: PALMBEACH •Detached •Contemporary •Single story •Year built: 1985 •3 bedroom(s) •2 bath(s) •2 full bath(s) •Secondary bedrooms split from master bedroom •Dining area •Great room •Living/dining room combination •Approximately 1200 sq. ft. •Master bedroom is 14 X 11 •2nd bedroom is 11 X 10 •3rd bedroom is 11 X 10 •Kitchen is 14 X 9 •Living room is 15 X 13 •Clothes dryer

•Clothes washer •Washer/dryer hookups •Ceramic tile flooring •Central air conditioning •Central heat •Electric heating •Walk-in closet(s) •Pets allowed •Window treatments •2+ parking spaces •Garage •RV parking •Composition roof •Fenced •Biking/fitness trail •Approximate lot is 80X100 •Lot size is between 1/4 and 1/2 acre •Western exposure •Electric service available •Public sewer service •Public water supply •Sold "as is"

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Location

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Purchasing InformationPurchasing Information

Home Cost: $200,000Home Cost: $200,000

5% Down: $10,0005% Down: $10,000

Loan Amount: $190,000Loan Amount: $190,000

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Loan InformationLoan Information

Loan Program: 3/1 ArmLoan Program: 3/1 Arm

Interest Rate: 4.125%Interest Rate: 4.125%

Lender: WachoviaLender: Wachovia

Payment: Monthly Principle and Payment: Monthly Principle and Interest Interest

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AppreciationAppreciationPercentage RatePercentage Rate Annual Annual - - Loan Loan Gross Gross

Profit Profit

12% 24,000 10,000 14,00012% 24,000 10,000 14,000

18% 36,000 10,000 26,00018% 36,000 10,000 26,000

24% 48,000 10,000 38,00024% 48,000 10,000 38,000