Turnkey Duplex - 17% CAP - Indianapolis - 4 others available

[Jack Gibson]

Here's the low down on this and the 4 other duplexes I have available. I am a buy and hold passive income investor, I have purchased $800,000 of multi-family in Indianapolis from the same company and have been amazed by their service in property management. All my units have been filled within 30 days except for one efficiency unit. I am seeing better than 17% CAP and have not received one maintenance call. I can offer a high CAP because I don't do this for a living, I simply want to receive a referral credit towards additional units to build my portfolio. I have 4 other duplexes available with similar pricing, rent rolls and returns. The numbers:

Purchase price:  $60,000

Yearly rent:  $14,400

Management (10%) $1400

Vacancy:  $1200

Taxes:  $300 (1st year, will go up to $600)

Insurance: $650

Maintenance: $500

Lease up fee: $150

Total Expenses: $4300

Net income: $10,200

$10,200/$60,000 = 17% CAP (Obviously with financing you can significantly increase your cash on cash return to 50% plus)

For additional information, property pics,  and questions you can PM me, email me at [email protected], or my cell is (269) 369-9654.  SERIOUS inquiries only please - I have a large nutrition business that keeps me busy.