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Updated over 9 years ago on .

User Stats

111
Posts
21
Votes
Kevin M. Rooney
  • Turn Key Supplier
  • Indianapolis, IN
21
Votes |
111
Posts

Class A Condos rentals

Kevin M. Rooney
  • Turn Key Supplier
  • Indianapolis, IN
Posted

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