Wholesale Price on a Turnkey Rental! Below market, must go!

[Jacob Elbe]

Selling a turnkey 3 bedroom, 1 bath single family home in the South Village neighborhood of Indianapolis, IN.  No repairs needed, we've done more work than planned since we bought it last year.  New gravel driveway, new kitchen cabinets and counter, new furnace and gas lines, and more.  This property is rented at $700 a month and the property management is already in place.  They have a great relationship with the tenant and stay in constant contact and communication with us as out-of-state owners and investors! 

Property Presentation Link

Cash price: $42,500!?!?

Comps are all over $55k and in the $70k range!

Rent: $700

Lease ends: 31 Dec 16

Monthly Expenses

Taxes: $103

Insurance: $51

Property Management (10%): $70

Maintenance/Capex (10%): $70

Vacancy (5%): $35

Net income: $375

CAP Rate: 10.6

Property Presentation Link

We need to sell this one fast!  Contact me at [email protected]!

Visit us at www.truenorthpropertysolutions.com and follow us on Facebook!