5 Turnkey SFR's - Indianapolis - Rented, No Rehab Needed

[Jack Gibson]

These 5 SFR's need no Rehab, have tenants in place, and are hitting 20% Gross Rent! Can be sold individually, or discounted for a package price. Mechanicals, roofs, electrical, plumbing were inspected and are in great condition. Comes with strong PM with over 600 properties under management, and a 1 year Home Warranty covering all major repair issues. For additional discount, if you have your own PM or would like to self-manage, we will drastically discount this package (PM is a service we provide to our investors only to make sure your rent checks hit your bank every month - we are more than happy to not have to manage them).

2268 Parker - $38k - $625/mo. - 19.7% Gross

1236 W. 35th - $38k - $625/mo. - 19.7% Gross 

1909 Union - $35k - $575/mo. - 19.7% Gross  

1418 Sugar Grove - $42k - $695/mo. - 20% Gross 

2326 LaSalle - $48k - $750/mo. - 18.75% Gross 

Total Monthly rents:  $3,275  Yearly:  $39,300

Total Package Price: $201,000. With purchase of all 5: $190,000. With own PM: $175,000: 22.3% Gross and approx. 15% CAP after Insurance: $2500 PM 10%: 3930 Taxes: $2500 Repairs and Vacancy 10%: $3930

For property pics and more details, feel free to PM, email:  [email protected] or call 269-369-9654