ABUNDANTIA, LLC.
Investors ONLY Reports Access
Current Abundantia Property Listings
| 3621 Dalewood Ave SE Cedar Rapids, IA | 100 11th Street NW Cedar Rapids, IA | 2911 5th Ave Marion, IA |
2011 Year End Update
Abundantia, LLC
100 11th St NW, Cedar Rapids
3621 Dalewood Ave SE, Cedar Rapids
2911 5th Ave, Marion
100 11th St NW, Cedar Rapids
3621 Dalewood Ave SE, Cedar Rapids
2911 5th Ave, Marion
In 2011, we refinanced our loan. In so doing, we received a better interest rate and terms, and lowered our mortgage payment by about $800 per month. Additionally, the loan is now fixed for another 5 years. As a result of the refinance, our properties (three-four plex’s) appraised for $440,000. Currently, none of our twelve units are vacant.
What does the future hold?
We will continue to raise rents, on average, by 8%. These increases not only improve our cash flow, but also make our properties more valuable.
What does the future hold?
We will continue to raise rents, on average, by 8%. These increases not only improve our cash flow, but also make our properties more valuable.
One of our buildings will most likely need a new roof within the next year or so. This will cost approximately $5000.
Account Balances: Checking= $1,709.26 Savings= $5,484.06
Escrow Amount: $1,589.42
Loan Amount: $307,275.39
Value Estimate: $440,000
If you have any questions feel free to email me at jrogers@jasonjrogers.com.
To A Great 2012,
Jason
Jason
PS. Our K-1’s should be completed by the first week of March.
PPS. We have some great deals available NOW and coming in the spring of 2012, please email me if you are interested in low risk double digit returns.
