8th rental Indianapolis, opinions?

[Gabe G.]

Recently purchased my 8th property.

Details:

3 bed 1 bath 900 sq ft. in lawrence township and schools, just outside of 465. Built in 1958

Purchase price $51000

25 percent down $12750

$38250 30 yr fixed at 4.635 percent.

Pretty much move in ready.

Income:

Rent $800 a month

Expenses:

50 percent rule

NOI $400

Principal and interest $196.89

Expected Cash flow $ 203.11

Opinions on this one?

Thank you

[Annie Li]

@Gabe G. how far is that from E 42th st & N Post road? This can make a big difference per local investors...