Turn key's in Indianapolis - Why don't these sell?

[Michelle T.]

I have had several turn key listings for a while and would like your opinion on why they haven't sold.

Apparently units are selling like hotcakes in Indianapolis because it is such a good market to invest in, yet I have only sold one of these in the last 6 months.  Am I being impatient?

Let me know what you think about these numbers. And if they are all good then I'll assume it must be the location. They have all been beautifully rehabbed, are in great condition, rented and cashflowing.

They are not my properties.

Thanks!

#01  SFH-3/1

$65,500 Asking

$9,900 Rent ($825/month)
$876 Insurance
$748 Taxes
$841.5 Management (under current management)
$1,386 Maintenance & Vacancy Estimate (each 7%)
$6,049 Estimated Net Return (CAP 9.24%)

COC = 15.11%

#02  SFH-2/1

$59,900 Asking price

$9,444 Rent ($787/month)
$801 Insurance
$724 Taxes
$803 Management (under current management)
$1,322 Maintenance & Vacancy Estimate (each 7%)
$5,794 Estimated Net Return (CAP 9.67%)

COC = 15.76%

#03  - Fourplex 2/1’s

$169,900 Asking price

$30,072 Rent ($2506/month)
$2,273 Insurance
$2,774 Taxes
$2,556 Management (under current management)
$4,210 Maintenance & Vacancy Estimate (each 7%)
$18,259 Estimated Net Return (CAP 10.75%)

#04  Duplex-2/1’s

$79,900 Asking price

$13,200 Rent ($1,100/month)
$1,069 Insurance
$893 Taxes
$1,122 Management (under current management)
$1,848 Maintenance & Vacancy Estimate (each 7%)
$8,268 Estimated Net Return (CAP 10.35%)