$109,999
617 S Tompkins, Shelbyville, IN 46176
Current Rent **
$950
Projected Rent **
$1,050
Beautiful Shelbyville Home With Over $200 Cashflow!!! CoC ROI 8.85%!!!
Welcome to this stunning single family home located in the heart of Shelbyville, Indiana. Perfectly situated in a desirable location, this property is an absolute steal for any savvy investor looking for a reliable income stream. Currently generating $950 a month in rental income, with an expected rental income of $1050 a month, this home presents a fantastic opportunity to add to your investment portfolio.
Apart from its prime location, the house has been recently renovated. One of the best perks it offers is its in-unit washer dryer to accommodate tenants' convenience and comfort.
The investment benefits of owning the property extend beyond its prime location and recent renovations. Currently, the home has a net cash flow of $210 but has the potential to be even more profitable, reaching $300 in net cash flow after increase of rent and overall expenses are subtracted. TENANTS PAY ALL UTILITIES!
Take advantage of this opportunity and add this beautiful single family home to your real estate portfolio today!
**Numbers above are based upon a $109,999 Purchase, 75% LTV 30 year at 7% with current insurance and taxes, $1,000 closing costs and 10% for management fee**
Location:
617 S Tompkins, Shelbyville, IN 46176
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* 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.
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