Here is a great opportunity to own a home worth around 50K after 15K cash purchase and approx 10K of repairs in a great neighborhood. Rents 650-700. Kitchen and Bath are in good shape. It needs some drywall, cleanup and misc. 2 car garage.
This 1036 square foot single family home has 3 bedrooms and 1.5 bathrooms. It is located at 4909 E 18th St Indianapolis, Indiana. This home is in the Ips School District. See Proforma Below: $48,000 Purchase Price $9,000 Rent ($750/month) 18.75% GROSS RETURN – $600 Insurance – $864 Taxes – $900 Management = $6,636 ANNUAL NET CASH FLOW (13.83% – $1,356 Maintenance & Vacancy = $5,280 ESTIMATED NET RETURN (11%)
See Proforma Below: $50,000 Purchase Price $9,540 Rent ($795/month) 19.08% GROSS RETURN – $600 Insurance – $972 Taxes -$960 Management = $7,008 ANNUAL NET CASH FLOW (14.02%) – $1,431 Maintenance & Vacancy = $5,577 ESTIMATED NET RETURN (11.15%)
This cute property just south of Historic Irvington has a solid return and is easy to rent. Not only does it have a nice interior, but it has a two car garage and sits on two lots so it has extra room for kids or pets. Property includes a one year warranty. Rehab being completed now! see Proforma Below: PRICE: $45,000 Rent: $725 Insurance: $50 Taxes: $80 Management: $73 Maintenance & Vacancy: $109
This recently-rehabbed home is in great shape and makes a great rental property for you. Should have a tenant in place before you can close. see Proforma Below: PRICE: $49,000 Rent: $750 Insurance: $50 Taxes: $55 Management: $75 Maintenance & Vacancy: $113
See Proforma Below: $50,000 Purchase Price $9,600 Rent ($800/month) 19.2% GROSS RETURN -$600 Insurance -$888 Taxes -$960 Management =$7,152 ANNUAL NET CASH FLOW (14.3%) – $1,440 Maintenance & Vacancy Estimate =$5,172 ESTIMATED NET RETURN (11.42%)
This small property has a tenant in place and generates a great cash flow. Get cash flow now plus have average appreciation because it is in an up-and-coming area. PRICE: $36,000 Rent: $595 Insurance: $50 Taxes: $36 Management: $60 Maintenance & Vacancy: $89
Purchase 25,000 Rehab 10,000 Rent $750 Management $75 Maintenance $75 Vacancy $75 Tax $55 Insurance $50 Monthly Cashflow $420 Cap Rate 14.40%
(317) 947-4350
Indy Discount Property
3715 Caroline Ave
Indianapolis, IN 46218