Indianapolis SFR - 2 yr. Rent Guarantee - 18% NET return!

[Jack Gibson]

Turnkey Cash flow property with a 2 year rent guarantee!!! We have 10 exactly like this one (same neighborhood, very low taxes, similar price, same floor plan, same deal). Built in 1998, this home has all new mechanicals and will be bulletproof for several years. Comes with a 1 year home warranty on all major items (electrical, furnace, roof, water heater) and just a few months into a 2 year lease. You will need to act fast as these are about to all be purchased by a large investor. Call/text Jack - 269-369-9654

Rents vary from $725-$800/month on other 10.  

Comes with Property Management already in place. PM has been in business for 21 years and has 355 properties actively managed with 6% vacancy rate.

This property will have very little tenant turnover and if current tenant does leave it will be filled in a week - 3 bed with 2 full bath is rare for rentals so very high demand.

Purchase Price: $50,000

Monthly rent: $911 Yr: $10,932 (Section 8 renter so they will be there long term)

PM (10%): $1093

Taxes: $471 (yes, that is correct, and will stay that way for a while unless they do new assessment which is unlikely in this area)

Insurance: $400

Repairs: $0 (Comes with 1 year Home warranty and has all new mechanicals)

Net income: $8,968

Cash on cash: 18.0% NET

Check out property pics:  https://www.dropbox.com/sh/g5sgmftjzdvrq4n/AABLCbfLh33VPp0HN2cmHkyoa?dl=0