Indianapolis Duplex - 18% NET return - Fully rented, Turnkey!

[Jack Gibson]

Purchase Price $55,000

Yearly Rent:  $13,200

Management fee (10%):  $1320

Vacancy (10%):  $1320

Taxes:  $679

Insurance:  $650

Maintenance:  $500

Total Net Income:  $8731

Cash on Cash Return:  15.8%

Adjusted for No Vacancy (Unit has 2 - 1 yr. leases in place):  18.3%

Property has been fully rehabbed in last 90 days.  All new furnace, electrical, water heater.  Both sides are rented with Property Management in place.  Completely turnkey and cash flowing from day 1.  Rent to Price Ratio of 2% is not often seen on Bigger Pockets MarketPlace.   Call my cell if interested:  269-369-9654.