$102,000
1301 S Rotherwood Ave, Evansville, IN 47714
Current Rent **
$1,080
Projected Rent **
$1,382
Unit 1 Details
- Current Rent: $565
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $515
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 1351 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: No
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป! (๐๐๐ฎ๐ป๐๐๐ถ๐น๐น๐ฒ, ๐๐ก) - ๐ฎ ๐จ๐ป๐ถ๐๐ฒ ๐๐๐ฝ๐น๐ฒ๐ - ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ - ๐ง๐ฒ๐ป๐ฎ๐ป๐๐ ๐ฃ๐ฎ๐ ๐๐น๐น ๐จ๐๐ถ๐น๐ถ๐๐ถ๐ฒ๐
ARV: $140,504
Actual Rent: $1,080/month
Potential Rent: $1,382/month
Unit Mix: Two 1BR/1 Bath Unit
Occupancy: 100% Occupied
Current Rents: $515-$565/unit
Market Rents: $691/Unit
Taxes: $795
Insurance: $400
Utilities: Tenants pay for all utilities except for water and sewer.
Building Square Footage: 1,351 Sq Ft
Lot Size: 7,296 Sq Ft
Year Built: 1910
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Cap Rate (Pro Forma): 12.53% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
Location:
1301 S Rotherwood Ave, Evansville, IN 47714
Report Abuse
* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!