This luxury home was purchased for $1,475,000 in 2006 and the 3 car detached garage converted to a guest house. Now the property is offered at $999,900. Move in to this luxury home with full basement kitchen and separate apartment with kitchen. Nestled on 1.64 acres this is a great rental investment. Own or Rent the upper house for $3400, basement for $1200 or apartment for $800 per month for a total of $5600/mo cash flow. If an offer of 899,900.00 with 20% down was accepted for the home, payments will be $4800/00 per month, a positive cash flow of $800.00 per month.
This home is poised for great appreciation in the coming years.
Property found on http://www.kantorresidential.com
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