Turnkey SFH - New 1 year lease - great condition

[Jack Gibson]

This SFH is cash flowing and has a new 1 year lease renewed from tenant. Slightly under market rent of $750. All wood floors, sound mechanicals, this property is going to cash flow very nicely and will rent quickly in a year if tenant moves out. Comes with solid Property Management that manages over 500 properties in Indianapolis.

Purchase Price:  $42,000

Rent:  $8340

Gross Income %:  19.8%

PM (10%):  834

Taxes: $600

Insurance: $500

Maintenance - 0 1st year, comes with a 1 year Home Warranty

Total Net Income:  $6406

Net ROI: 15.3%