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Pick Up This Indy Investment Property For 32% Of Arv

Details
Posted By:
Eileen Morock
Posting ID:
3885m2749
Location:
Indianapolis
Telephone:
Tags:
 investment   property   bargain   homes   handyman   special 
Price:$22,500
Listing Type:Single Family For Sale
Bedrooms:2
Bathrooms:1
Living Area:725 Sq Ft
Year Built:1935
Address:
Evanston Ave
Indianapolis, IN 46205

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Excellent investment opportunity for monthly income

CASH FLOW ANALYSIS
Gross rent $600
Property mgt $60
Est mortgage pymt $115
Net positive monthly cash flow $425

EQUITY ANALYSIS
Conservative ARV $70,381 (Actual comps support a higher ARV - other nearby homes valued $79k-$90k)
Estimated rehab $15,000
Acquisition cost $22,500
Closing Costs approx $675
IMMEDIATE EQUITY OF $32,206!

PROPERTY DESCRIPTION
2 bedroom, 1 bath SFH
725 sq ft
2-car garage
Basement & yard

PROPERTY MANAGEMENT TEAM AND CONTRACTOR IN PLACE AND READY TO GO!

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