All Forum Posts by: Austin Tani

Hi I am a referring real estate agent for a company in Indianapolis. We have tons of different listings for all kinds of investors. If anyone would want to be added to our mailing list or is looking for anything specific I can hopefully be of great assistance. 

$69,900 

1337-39 N Tuxedo 

Mario Center Township 

6 Bedrooms 

2 Bathrooms 

2,664 square feet 

Actual Rent $1375.00 

Estimated Semi Annual Taxes monthly - $144.50 

Estiamted Insurance monthly - 58.33 

Management Fee @10%/ Mo Rent - 137.50

25% Down  5% Fixed Rate Principle Balance $52,425 - Monthly payment $281.43

With Leverage Cash Flow $753 

Cash Transaction Cash Flow $1035 

ROI Cash Transaction 18%

Leveraged "Cash on Cash" Return with DP of $17,475 ROI of 52%

PM for more details and listing broker info

$44,500 

2270 N Dearborn 

3 Bedrooms 1 Bath 

1180 Square feet 

Actual Rent 675 

Semi-Annual taxes monthly - 78.17 

Estimated Insurance - $46.25 

Property Management Fee - 67.50 

Total Expenses - 191.92 

Operating Income - 483 

ROI Cash investment 13%

ROI Leveraged Cash on Cash with 30 DP 13,350 - 23% estimate for Seller Financing request

Looking for Buyers PM for details and listing broker contact info. 

I am looking for a buyer. I personally didn't take on this contract. I am hoping for a referral fee. It is not my listing but I am technically looking to sell.

Listing Price $69,900

30-32 N Bradley Indianapolis, IN 46201

County Marion 

Bedrooms 4 

Bathrooms 2 

Sq Ft 1,092

Actual Rent $1220 a month 

Estimated Semi Annual Taxes $209.00 - $34.83 a month 

Estimated Annual Fire/Liability Insurance $700.00 - $58.83a month 

Management Fee @ 10% of Monthly Rent $122.00

Operating Income - $1004.83

Leveraged Money 25% Down Fixed Rate 30 Yr 5% interest - Down payment $27,960

Outstanding Principle $52,425.00 - Monthly payment $281.43 

Total monthly expenses - (mortgage and operating expenses) - $496.60

Monthly Cash Flow $723 

Annual NOI - $8676

*all information is deemed reliable but not guaranteed. 

BEST GUESS ANSWER IN CAPS -

Taxes: $313.00 ... is that monthly or annually? MONTHLY
What's the vacancy/eviction/bad debt history? IT HAS BEEN SPORATIC, FULLY RENTED FOR ABOUT A YEAR BUT WITH QUESTIONABLE TENANTS. RECENTLY RENOVATED AND IMPROVED INSIDE OF 9 UNITS. PROCEEDING 5 RENTED, 4 READY TO RENT, ONE NEEDS CLEANUP AND REPAIR

What are the operating expenses (last 2-3years would be great)? TRASH ABOUT $100 PER MONTH

Are units individually metered for electricity? ..water? ... gas? ELECTRICITY INDIVIDUALLY METERED, WATER ABOUT $125 PER MONTH
>
> How is the building heated? INDIVIDUAL UNITS HAVE FURNACES AND BASEBOARD HEATERS UPSTAIRS
>
> How many parking spaces? PRIVATE GRAVEL/ASPHALT PARKING IN FRONT OF UNITS (ON PROPERTY) ENOUGH FOR MAYBE 12 CARS
>
> Are there out of unit tenant storage facilities? NO BUT THE LOT IN BACK IS LARGE (USED TO HAVE 2 LARGE STORAGE AREAS) AND AVAILABLE FOR ADDITIONAL DEVELOPMENT.
>
> What type of neighborhood is this and who are the clientele? REASONABLE AND IMPROVING NEIGHBORHOOD, BLUE COLLAR.

6050 E 16th, Indianapolis, IN, United States - $400,000 List Date 10/13/2014 

Motivated Seller

Bedrooms 20 

Bathrooms 10 

Parking - Lot 

Taxes $313.00 

Tax Year 2014 

Monthly Rent $5,000

Not my listing - advertising for referral fee 

For more info contact me for listing broker information