Discount Property for Home Owners & Investors

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10 unit Apartment – 6262 Eastridge Dr, Indianapolis Incredible opportunity to own a solid brick apartment building at a reasonable price. Seriously…hardwood floors at this price? Property contains eight 2-bedroom units and two 1-bedroom units…and the biggest closets we’ve ever seen in apartments. All of this results in a low-maintenance, easy-to-rent cash machine. See Proforma Below: $412,000 Purchase Price $75,000 Rent:($6,250/month) 18.2% GROSS RETURN – $4,092 Insurance – $3,984 Taxes – $7,500 Management – $6,948 Other owner expenses (trash, utilities, etc.) =$52,476 NET ANNUAL CASH FLOW (12.74%) – $11,256 Maintenance & Vacancy = $41,220 ESTIMATED ANNUAL RETURN (10.0%) $412,000
  • Apartment
  • 18 Bedrooms
  • 10 Bathrooms
  • 7,200 Sq Ft.

Incredible opportunity to own a solid brick apartment building at a reasonable price. Seriously…hardwood floors at this price? Property contains eight 2-bedroom units and two 1-bedroom units…and the biggest closets we’ve ever seen in apartments. All of this results in a low-maintenance, easy-to-rent cash machine. See Proforma Below: $412,000 Purchase Price $75,000 Rent:($6,250/month) 18.2% GROSS RETURN – $4,092 Insurance – $3,984 Taxes – $7,500 Management – $6,948 Other owner expenses (trash, utilities, etc.) =$52,476 NET ANNUAL CASH FLOW (12.74%) – $11,256 Maintenance & Vacancy = $41,220 ESTIMATED ANNUAL RETURN (10.0%)

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SOLD – 8 bed 4 bath Duplex in Beech Grove, $1800 rent – Huge Discount Only $70K $943/mo cash flow with 11.9% cap rate and equity with just a little work on this tremendous cash flow duplex in Beech Grove. Both units are 4 bed 2 baths with total rent of $1800. Both units were fully remodeled, right side simply needs work downstairs. Left side, new furnace, new ac, new appliances, tub surrounds, toilets, new sinks, very clean tenants rented for $900/mo. Right Side was fully remodeled and rented at $950 then had a kitchen fire. Upstairs is in great shape, downstairs needs to be finished. It has been tore out, treated and ready for drywall, kitchen, bath, flooring, misc. Approx 25K needed then will rent for $900 also. Equity standpoint – 4 bed duplexes are going around 120K with 1200-1300 rent. This one is 8 beds and 4 baths with 1800 rents so 95K in and worth 140-150K. Cash flow: Rent $1,800 Management $180 Maintenance $180 Vacancy $180 Tax $267 Insurance $50 Monthly Cashflow $943 Cap Rate 11.9% $70,000
  • Townhome
  • 8 Bedrooms
  • 4 Bathrooms
  • 3,456 Sq Ft.
  • 5,719 Acres
  • Built in 1900

$943/mo cash flow with 11.9% cap rate and equity with just a little work on this tremendous cash flow duplex in Beech Grove. Both units are 4 bed 2 baths with total rent of $1800. Both units were fully remodeled, right side simply needs work downstairs. Left side, new furnace, new ac, new appliances, tub surrounds, toilets, new sinks, very clean tenants rented for $900/mo. Right Side was fully remodeled and rented at $950 then had a kitchen fire. Upstairs is in great shape, downstairs needs to be finished. It has been tore out, treated and ready for drywall, kitchen, bath, flooring, misc. Approx 25K needed then will rent for $900 also. Equity standpoint – 4 bed duplexes are going around 120K with 1200-1300 rent. This one is 8 beds and 4 baths with 1800 rents so 95K in and worth 140-150K. Cash flow: Rent $1,800 Management $180 Maintenance $180 Vacancy $180 Tax $267 Insurance $50 Monthly Cashflow $943 Cap Rate 11.9%

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SOLD – Fix & Flip – 6309 E. 52nd Pl Indianapolis, 4BR -$67,500! This 4BR/1.5BA home is a property located in an established neighborhood, and only needs minor cosmetic rehab in order to be brought to life. Will make a truly amazing flip opportunity. WON’T LAST LONG! See below: Purchase Price: $67,500 Rehab Costs: $15,000 Holding Costs: $5,547 TOTAL ALL-IN COST: $88,047 ARV: $123,000 Selling Costs: $12,300 (10%) GROSS PROFIT: $110,700 Gross Profit: $110,700 Total Costs: $88,047 Net Profit: $22,653 NET ROI TO INVESTOR: 25.73% $67,500
  • Single Family
  • 4 Bedrooms
  • 1.5 Bathrooms
  • 1,870 Sq Ft.

This 4BR/1.5BA home is a property located in an established neighborhood, and only needs minor cosmetic rehab in order to be brought to life. Will make a truly amazing flip opportunity. WON’T LAST LONG! See below: Purchase Price: $67,500 Rehab Costs: $15,000 Holding Costs: $5,547 TOTAL ALL-IN COST: $88,047 ARV: $123,000 Selling Costs: $12,300 (10%) GROSS PROFIT: $110,700 Gross Profit: $110,700 Total Costs: $88,047 Net Profit: $22,653 NET ROI TO INVESTOR: 25.73%

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Turnkey – 1126 Mitthoeffer Rd. First of all, this property is underpriced. Check out the surrounding comps! It is very attractive on the inside (great looking tile in kitchen and bathroom) plus has a spacious yard with privacy fence and mini-barn. It is in a great area that provides a rural feel, but is only 15-20 minutes from downtown. Property includes a one year warranty. see Proforma Below: PRICE: $59,000 Rent: $850 Insurance: $50 Taxes: $75 Management: $85 Maintenance & Vacancy: $128 $59,000
  • Single Family
  • 3 Bedrooms
  • 1 Bathrooms
  • 1,216 Sq Ft.

First of all, this property is underpriced. Check out the surrounding comps! It is very attractive on the inside (great looking tile in kitchen and bathroom) plus has a spacious yard with privacy fence and mini-barn. It is in a great area that provides a rural feel, but is only 15-20 minutes from downtown. Property includes a one year warranty. see Proforma Below: PRICE: $59,000 Rent: $850 Insurance: $50 Taxes: $75 Management: $85 Maintenance & Vacancy: $128

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Turnkey – 8243 E 48th St, Indianapolis 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%) $50,000
  • Single Family
  • 3 Bedrooms
  • 1 Bathrooms
  • 792 Sq Ft.
  • Detached, Off street, 462 sqft Garage Spaces

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%)

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Turnkey – 8202 Crousore Rd. Warren Park 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%) $50,000
  • Single Family
  • 3 Bedrooms
  • 1 Bathrooms
  • 925 Sq Ft.
  • Built in 1960

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%)

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SOLD – Fix & Flip – 11126 E McGregor Indianapolis, AMAZING ROI on 4BR –$50,000 This is an amazing opportunity for any investor–a 4BR property in Franklin with limited capital into the project, a great ROI can be achieved on a very safe investment. See below: Purchase Price: $50,000 Rehab Costs: $25,000 Holding Costs: $5,000 TOTAL ALL-IN COST: $80,000 ARV: $115,000 Selling Costs: $11,500 (10%) GROSS PROFIT: $103,500 Gross Profit: $103,500 Total Costs: $80,000 Net Profit: $23,500 NET ROI TO INVESTOR: 29.37% $50,000
  • Single Family
  • 4 Bedrooms
  • 2 Bathrooms
  • 2,795 Sq Ft.
  • 6,708 Acres
  • 1 Garage Spaces
  • Built in 1906

This is an amazing opportunity for any investor–a 4BR property in Franklin with limited capital into the project, a great ROI can be achieved on a very safe investment. See below: Purchase Price: $50,000 Rehab Costs: $25,000 Holding Costs: $5,000 TOTAL ALL-IN COST: $80,000 ARV: $115,000 Selling Costs: $11,500 (10%) GROSS PROFIT: $103,500 Gross Profit: $103,500 Total Costs: $80,000 Net Profit: $23,500 NET ROI TO INVESTOR: 29.37%

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Turnkey – 2218 Pleasant St, Indianapolis This solid, basic home is just east of the popular Fountain Square neighborhood. It is in the process of being rehabbed and will be done faster than you can close. See proforma below: PRICE: $50,000 Rent: $750 Insurance: $50 Taxes: $49 Management: $75 Maintenance & Vacancy: $113 $50,000
  • Single Family
  • 3 Bedrooms
  • 1 Bathrooms
  • 1,376 Sq Ft.

This solid, basic home is just east of the popular Fountain Square neighborhood. It is in the process of being rehabbed and will be done faster than you can close. See proforma below: PRICE: $50,000 Rent: $750 Insurance: $50 Taxes: $49 Management: $75 Maintenance & Vacancy: $113

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