Since my last posting most of the properties my partners had available were sold!
Inspiration- SOLD!
Danube- SOLD!
Annapolis- Pending!
Rosemont- Pending!
Winship- SOLD (to me :-))!
As you can see, I don't wait as I totally believe in the Indy market. However- the inventory is starting to run low which means....a price increase is around the corner. The "Phoenix syndrom" seems to be happening here too: high demand for rentals but- hedge fundsare showing up, bidding and rising prices, lowering the inventory...I'm not happy with this situation at all :-(.
If you have the funds available and like any of the ones below I recommend not to postpone...
So- these are the ones I like and would recommend if you are ready to invest NOW:
1. 8513 E 37th Place, Indianapolis, IN
4bedrooms/1.5baths, 1645 sqf, built in 1960.
Sales price: $68,900.00 Down payment: $17K only!*
Rented for: $860.00
Estimated monthly cash flow for cash transaction: $591 ROI: 10%
Estimated monthly cash flow for loan transaction: $312 ROI: 27%!
Watch the video of the interior: http://youtu.be/AmmNMubKk2Y
----------------------------------------------------------------------------------------------------------------
2. 4181 Moline Dr., Indianapolis, IN.
Decatur Township, schools rated 8!
4 bedrooms/2baths,, 1360 sqf, built in 1956 and is just being renovated!
Similar houses in the area sell for around $90K.
Sales price: $83,900.00 Down payment: $21K only!*
Rent: $1050.00
Estimated monthly cash flow for cash transaction: $673.00 ROI: 10%
Estimated monthly cash flow for loan transaction: $333.00 ROI: 24% !
--------------------------------------------------------------------------------------------------------------------
3. 2358 Shoemaker Ct., Indianapolis, IN
Built in 2007, 4 bedrooms/2.5 bath, 1664 sqf.
Sales price: $95,000.00 Down payment: $24K!*
Rent: $1100.00
Estimated monthly cash flow for cash transaction: $662.00 ROI: 8.3%
Estimated monthly cash flow for loan transaction: $267.00 ROI: 13.3%
--------------------------------------------------------------------------------------------------------------------- * 25% down payment- for qualified US borrowers only.
Contact me for additional information and interior pictures of the property you prefer!
naomiesal@gmail.com
---------------------------------------------------------------------------------------------------------------------
Information deemed to be reliable but not guaranteed.
Investors are advised to conduct their own due diligence before purchase.
No comments:
Post a Comment