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Updated over 9 years ago,
Class A Condos rentals
Has anyone invested in Class B+/A condos? 2 beds rents around 1000-1200 with purchase price of around 80K. VERY desirable area of Indianapolis.
Just a few numbers as to not bore anyone!
Cap Rate 8.5%
Cash on Cash Return: 16.9%
20% Down
Cash flow about 2700 annually