Red Deer JV - Positive Cash Flow

[ChadBett]

This suited single family home is located on a quiet street in Riverside Meadows, Red Deer, Alberta. The area is a primary redevelopment focus for the City of Red Deer-it truly is an area in transition. The home has been renovated on the main floor by the present owner who is a kitchen and bathroom renovator. The home is currently under contract and will close May 2, 2008. We will be able to fill the main floor and basement suites with our own screened tenants. Presently the main floor is vacant however it was previously rented for $1500/month including utilities to a large family. Our projected market rent is $1300/month including utilities for a couple for a family of three. The basement tenant has been given notice and we will replace that tenant before closing. At closing we anticipate an income from the home of $2100/month and $250/month from the garage. On the walk through and viewing the building appears to be in extremely good condition and very well managed. Our goal is to provide you with turn-key investment solutions that fits your investment plans and get you closer to your financial goals. Contact us immediately if you are interested in this turn-key real estate investment opportunity! For more information and to receive our Investment Package which outlines the exact figures & potential returns for this investment, please contact us immediately!



Total Cash Investment $59,722.00

Your Total Return $155,252.11

Your Total 5 YR ROI 159.96%

Offer Price $276,000.00

Current Status Pending

Closing Date 05/02/2008

Your Annual ROI 31.99%





For more info please contact Randy Bett at 403-239-3642 or Chad Bett at 403-605-3200.



Randy@randybett.com

CRBett@shaw.ca



Chad Bett-Realtor/Investor

Real Estate Professionals Inc

8B-34 Edgedale Drive NW

Calgary, AB T3A 2R4