Title: Mississippi Gulf Coast Preconstruction Opportunity
1Mississippi Gulf CoastPreconstruction Opportunity
..
- Said to be the most POWERFUL investment
opportunity in real estate history. - Go Zone Bonus Tax Depreciation of 50
- MDA Small Rental Assistance Program
- Receive 36,500 PER DOOR UP FRONT
2Why Build In Mississippi?
Anyone who tells you that casinos are a major
driving force in increasing property value is
correct
3- CASINOS
- Expected to be second largest gaming industry by
2010 - Approx 40,000 construction employees
- 3,500 average permanent jobs per casino good for
future resale - Margaritaville coming soon
- Subdivision just 3 miles from Silver Slipper
Casino on the Gulf - Our plan is to build over 500 homes within 30
minutes of all casinos. - Construction worker tenants are abundant
4NASA Hancock MedicalDesparately need new
employees
- Employs over 7,000
- Boeing, Rolls Royce, NASA Employ
- Need for over 3,000 new employees
- Buffer zone takes 33 of Hancock County making
supply less and demand more for housing
- Over 600 Employed
- Need for hundreds more
- Only hospital in service post Katrina
- The need for new employees is desparate
- National recruiters in place
5Demand For Affordable Workforce Housing has never
been greater in a confine area
- Development is slow because of lack of investor
financing options. - WE HAVE THE SOLUTION!
6Modular Construction-Homes are needed NOW!
-45 Day Construction Time-Fannie Mae Sponsored
-Considered as Site Built
7DUPLEX244,900Less than 10 DownMDA Small
Rental Assistance Compliant1140 sq. ft per
side3 bed 2 bath per sideMost Recent
Appraisal 265,000
15 Walk-In Equity!
- We elevate the duplex to ABFE
- Built in 60 days
- Go Green! Saves on Energy Costs
- 160 mph wind rating
- Open and Spacious floorplan specifically designed
for Hancock Cty.
Bulletproof Investing
8- WE ELEVATE THE DUPLEX LIKE THIS!
- REQUIRED for MDA Program
- FEMA Friendly
This is single family home. This is not a
picture of our duplex. Single Family Homes also
Available
9Single Family 139,90010 DownMDA Small
Rental Assistance Compliant1460 sq. ft3 Bed 2
BathMost Recent Appraisal 160,000
15 Walk-In Equity!
- We elevate the home to ABFE
- Built in 30 days
- Go Green! Saves on Energy Costs
- 150 mph wind rating
- Open and Spacious floorplan specifically designed
for Hancock Cty.
Bulletproof Investing
10MDA Small Rental Assistance Program73,000 UP
FRONT AT COMPLETION!Go Zone Bonus Depreciation
Go Zone Bonus Bonus Depreciation After Yr.
1 110,000 /- At 36 Tax Bracket, Save
39,600 Carry Net Operating Loss Back 5 Years
and Forward 15 Contact your CPA to Verify
Duplex Purchase Price 244,900 Closing Costs
8000 Down Payment 23,000 MDA Rental
Assistance 73,000 Upfront Monthly PI Payment
1,600 Taxes/Insurance 400 Prop. Mgmt
150 Monthly Oper. Exp 2,150 Monthly
Rent 1,786 Cash Flow (364) x 60
months 21,840 5 Year Profit Leftover from
73,000 51,160 Not inclusive of appreciation!
May not make purchase contingent upon MDA
Approval Approval is based on application
process Go Zone Qualifications must be verified
by CPA. Depreciation may vary based on
individual qualifications
11Single Family Home
Most Recent Appraisal 160,000
- Purchase Price 139,900
- Loan Amount 130,000 (30 Yr. Fixed _at_ 7.25)
- Monthly PI 850
- Taxes 80
- Insurance 180
- Total Monthly Payment 1110
- Average Rent 1250
Loan Amount may vary depending on investor option
of LTV. 80 to 90 LTV available based off
appraisal No Mortgage Insurance _at_ 79.99
LTV Fannie Mae Guidelines Loan type is
construction and permanent.
12Exclusively Offered By
Yogen Dhanik American Real Estate Finance (510)
427-8597 Email ydhanik23_at_comcast.net