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3br - A Musician Or Podcaster's Dream House Deal From A Dying 75 Year Old (Garland)
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This is a great investment opportunity for a savvy real estate investor or potential home owner where you'll get a huge rate of return on your investment dollar. What I'm proposing will get you a much greater rate of return than you'd ever get in the stock market.
I am 75 years old. Listed below is a conservative estimate of 2% appreciation per year of what my house will be worth in 5, 10, 15 or 20 years. If you've been looking to buy a house, you know that real estate prices have remained relatively stable all over this area even with temporarily higher mortgage rates because of the massive amount of people who yearly move to this area and the fact that home builders avoid building new homes that are worth $250,000 and under because home builders can't make money on them so finding a house for sale in this price range is particularly difficult. The number on the left is what my house would be worth if there wasn't a major housing shortage all over this area. The number on the right is what I can get and the yearly appreciation because of the huge housing shortage all over this area.
VALUE OF THE HOUSE TODAY $250,000-$300,000
VALUE OF THE HOUSE IF I DIE IN 5 YEARS CONSIDERING 2% APPRECIATION PER YEAR $276,269-$331,224
VALUE OF THE HOUSE IF I DIE IN 10 YEARS CONSIDERING 2% APPRECIATION PER YEAR $305,300-$365,798
VALUE OF THE HOUSE IF I DIE IN 15 YEARS CONSIDERING 2% APPRECIATION PER YEAR $337,380-$403,760
VALUE OF THE HOUSE IF I DIE IN 20 YEARS CONSIDERING 2% APPRECIATION PER YEAR $372,832-$445,784
What could you do with a 400 square foot, with 12 foot high walls, custom built, concrete block building with sand in the blocks making the building 100% sound proof? A band could practice in the building at 3 A. M. and play their instruments at any volume level they wanted and bother no one. What could you do with state of the art, extra heavy duty wiring that will take up to 15,000 watts worth of electronic equipment without overloading the circuits. The answer is that you could do many things with the building such as it would make a great home office, a great game room/man cave (there's plenty of room for a pool or ping pong table and a large screen tv) or it could even be two separate bedrooms. The building has two separate rooms in it. The building also has its own central air conditioning and heating system. Between the 1051 square footage of the house and the 400 square footage of the separate concrete block building, there is a total of 1451 square footage of living space.