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Dear Real Estate Enthusiasts,
Welcome back to Week 3 of The 'Real Deal' Fargo Newsletter, brought to you by me, Blaine Cook, of the Midwest Invest Realty Group. This week, I'm thrilled to bring you inside the tranquil yet thriving community of Horace, ND, a place where the charm of suburban living meets the convenience of city life. It's here that I've discovered a remarkable twin-home property that embodies the essence of modern living while promising the warmth of a neighborhood feel.
I'm excited to present an exclusive listing that stands out for its thoughtful design, exceptional amenities, and outstanding investment potential. This twin-home, nestled in a serene part of Horace, offers the perfect blend of privacy and community. With spacious interiors, high-quality finishes, and a layout that prioritizes comfort and functionality, this property is an ideal choice for those dreaming of a stylish, low-maintenance home.
The highlight of this twin-home is undoubtedly its strategic location. Situated close to schools, parks, and with easy access to the heart of Fargo, it offers a lifestyle of unparalleled convenience.
Investors and homebuyers alike will find value in the property's potential for appreciation, thanks to Horace's growing appeal and the twin-home's unique characteristics. Whether you're looking to nestle into a cozy living space or seeking a smart addition to your real estate portfolio, this twin-home in Horace represents an opportunity not to be missed.
Stay tuned as I continue to explore more of what makes our area a top choice for buyers and investors. Remember, in the vibrant market of Fargo and its surroundings, the right opportunity is just around the corner, and I'm here to guide you every step of the way.
This Week's Highlight: The “Twin-home” of Horace, ND - $275,000 (TO BE BUILT)
**PHOTOS OF PREVIOUS MODEL** **TO BE BUILT**
Special Features Include:
TWO Spacious Units: Each unit has 3 bedrooms and 2 bathrooms.
Promo: $5,000 Promo available.
Stainless Steel Appliances: All appliances are stainless steel.
Two-Car Garage: Offering plenty of storage space.
Asking Price: $275,000 - A quality deal, perfect for instant enjoyment and future investment.
For a twin-home listed at $275,000, with each unit having 3 bedrooms and 2 bathrooms, here's a detailed monthly passive income report, assuming a 6.5% interest rate over 30 years:
Monthly Expenses:
Mortgage Payment: $1,738.19
Property Tax: $286.46 (Based on a 1.25% annual property tax rate)
Insurance: $125 (Estimated at $1,500 annually)
Maintenance: $83.33 (Estimated at $1,000 annually for upkeep)
Miscellaneous Expenses: $41.67 (Estimated at $500 annually for other expenses)
Total Monthly Expenses: $2,274.65
Monthly Income:
Total Rental Income: $2,600 (Assuming $1,300 per unit)
Net Monthly Passive Income:
Net Income: $325.35
This report highlights that with the current assumptions, the twin-home investment would generate a net monthly passive income of approximately $325.35 after covering all expenses.
SPECIAL NOTE: As before, conducting thorough research and due diligence, including an accurate assessment of potential rental income and a detailed understanding of all expenses, remains critical.
WHY IS THIS DEAL IS THE “REAL DEAL”?
This twin-home, listed at $275,000 and featuring two units each with 3 bedrooms and 2 bathrooms, represents a stellar investment opportunity in the current real estate market. With a calculated monthly passive income of approximately $325.35 after all expenses, it's a compelling prospect for anyone looking to dive into real estate investment or expand their portfolio.
Why is this twin-home "the real deal"? First, the financials make sense. With a stable estimated rental income of $2,600 per month—$1,300 from each unit—the property not only covers its monthly expenses of $2,274.65, including mortgage, property tax, insurance, maintenance, and miscellaneous expenses, but also generates a net positive cash flow. This is achieved with a conservative interest rate assumption of 6.5% over 30 years, underscoring the investment's resilience even in a higher interest rate environment.
Moreover, the property tax rate, set at a reasonable 1.25% annually, along with predictable costs for insurance, maintenance, and other expenses, presents a clear, manageable financial picture for prospective investors. The property's layout, offering 3 bedrooms and 2 bathrooms per unit, makes it highly desirable for renters seeking space and comfort, further enhancing its rental appeal and income stability.
In essence, this twin-home is "the real deal" because it combines solid financials with desirable living features, making it an attractive option for both renters and investors. Its capacity to generate passive income in a predictable manner, coupled with the intrinsic value of owning a well-located, spacious property, marks it as an investment opportunity worth considering in today's market.
📬 Stay Connected for More Gems Like This
The “Real Deal” Fargo Newsletter is your weekly snapshot of the most enticing real estate opportunities in Fargo, ND and surrounding areas. If this week's deal has sparked your interest, imagine what we have in store for you moving forward.
Don't miss out on future finds! For more information on this property, to discuss your real estate needs, or to subscribe to our exclusive newsletter, reach out to me, Blaine Cook, at Midwest Invest Realty Group. I'm here to help you navigate Fargo's dynamic real estate market with ease and confidence.
📞 Contact Me Today:
Email: [email protected]
Phone: (701)-720-4719
Subscribe: The “Real Deal” Fargo Newsletter
Together, let's unlock the door to your real estate dreams in Fargo.
Warmly,
Blaine Cook
Midwest Invest Realty Group
Your Trusted Real Estate Advisor in Fargo, ND
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