$19,000 - Osceola Diamond In The Rough - 16.4% ROI

[Jason Richardson]

We have a great property in Osceola that needs some TLC. It is one block from the St. Joseph River, and the same distance to a slip dock for your boat. Would make a great high cash flow rental, or profitable flip. Monthly rental income, after rehab, could support between $850 - 900/mo (depending on how nice of a rehab). ARV comps for the area support between $80-100K, and would depend on how nice you make it. There is room on the lot to expand. Property is on septic/well, as it is located in the county. We have rough-estimated a rent-ready condition rehab to cost around $15K.

Here are the numbers, as a cash-flow property:

6** Barnes St, Osceola, IN 46561 

Potential Monthly Income - $850

Yearly Income (Including 1mo vacancy) - $9,350

Yearly Insurance - $600

Yearly Management and Maintenance - $1,870

Yearly NOI - $5,573.54

ROI - 16.4%

Serious inquiries only. Email for more information.