Property Information:

Beautiful Duplex in great part of Escondido. Excellent for first time home buyer who wants to have part of his mortgage paid by the tenants. Both units are spacious 2 br/1 ba., one renting for $1200 per month, the other one for $1,000. Both tenants are long-term tenants.

TEN REASONS why you should buy this Home from us today!

1. At $240,000, this is a great price for a duplex in this nice neighborhood;

2. It’s within very short distance from Freeways 15 and 78, easy access to tens of thousands of jobs within 5 miles;

3. You are buying an income producing property with existing tenants, rents are $1,200 per unit per month (one of the units is currently paying discounted rent of $1,000)

4. If you are First Time Home Buyer - you can buy this property with FHA financing with only 3.5% down payment!

5. Even with a minimum downpayment, the property is cashflow-positive, which doesn't happen often in California.

6. You may be able to expand the units, and make the owner unit as large as 2,500 sq.ft. and still get excellent income from the back unit; (subject to city approvals)

7. Rate buy down to 5.00% fixed (when you use West Coast Homes as your buyer’s agent, some loan qualifying factors will apply)

8. You may qualify for $8,000 first time tax credit, but you must act and close the escrow before the end of 2009.

9. You don't have to wait for short sale approvals, the sale is completely approved by all lenders! We can close in 15-30 days.

10. If we represent you as a buyer, we will negotiate an additional $10,000 credit towards closing costs;