Purchase Price: $80,000

Return On Investment: 9.12%


Indianapolis, Indiana USA
3 2 1,480 ft2 / 137 m2

Description

  • Situated on a nice size corner lot.
  • Homes in this area are appreciating at nearly 4% per year.
  • Only $54 a sq/ft
  • After repair value close to $100,000. This home is a steal at $80,000.
  • Great elementary school 1.5 miles away.
  • Close to major expressways and bus routes.
Financials
Purchase Price $80,000  
 
RevenueProjected Income Per Month$950 Per Annum$11,400
 
Operating Expenses
Vacancy est. (6%)   $684
LLC filing fee   $150
Management (8%)   $912
Taxes   $1,708
Insurance   $648
Total   $4,102
 
Net Cash Flow $608 $7,298

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