Cash Flow In OC?! Are U Crazy?!

This is not a short sale! With all the extra rooms added and the extra unit, this bad boy can cash flow! Yes cash flow in La Habra! Buyer must be able to close by March 10th. So get your hard money or cash lined up and lets close this baby! Rents in this area for studio's are $650, that means you should get at least $850 to $1,000 for the extra unit. The front house should rent for $1,750 to $2,000.

$300,000 loan, 7.00% rate, 30 yr fixed
P&I payment: $1,995.91
Monthly Taxes: $281
Monthly Insurance: $87.50
Total monthly expenses: $2,364.41
Total rents on the low side: $2,600
Monthly Cash Flow: $235.59

Comps & Other Listings:

425 N Leora St sold back in 11/30/07 for $489,000
3 bed 1.5 bath 2 car garage and patio room
1,600 sqft living
1954 year built
7251 lot size
corner lot
DOM 148

618 W Heather Ave
3 bed 1 bath 2 car garage
1,167 sqft living
1946 year built
6,664 lot size
Active, not sold
Listed $440,000
DOM 120

519 W Heather Ave
3 bed 2 bath 2 car garage
1,437 sqft living
7,193 lot size
1949 year built
Active, not sold
Listed $459,900
DOM 83

If you know this area, this is the cheapest in the area, hands down the best deal!

Repairs needed: new roof, flooring, painting and minor handy work like updated light fixtures door knobs, etc. Should not be no more than $30,000 in upgrades/updates.

SUBJECT ADDRESS: 115 N. LEORA STREET, LA HABRA, CA. 90631
•2 bed (previous owner turned one of the bedrooms into a family room)

•1 bath

•1,138 sqft living space

•6,800 lot size

•1939 year built

**Added bonus**

•Extra non-permitted huge patio room with large closet & full bathroom added!

•Extra non-permitted bedroom & closet added!

•Extra non-permitted unit with kitchenette, bathroom & own entrance!

•Extra large lot, covered parking, & rear entry!

======>>> More Pictures Here <<<======

The Real Deal:
Need to close by March 10th