As many of you know, my investment properties will be securing my retirement maaaaany years from now :-). However, I'm planning to buy as many as possible for myself this year because:
a. Prices in some locations are still very affordable (Indianapolis,IN) but that won't last for long,
b. Loan rates are low and I can get a lovely house with great ROI for a down payment of $20K,
c. There's still strong demand for rentals all over the US,
d. I love collecting houses way more than shoes or purses,
e. ALL of the above!
So- if you are like me and agree to 3 or more of the above, PLEASE do not procrastinate!
Friends that waited one year ago for investing in Phoenix when I urged them to, regret it now.
The ones that invested are VERY happy!
So- 2013 is the year for smart decisions and the faster the better because spring will bring with it higher prices....
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Higher end or lower price- this is your choice, see these 3 different options!
Greenwood is a quiet, residential, owner- occupied suburb of Indianapolis.
This property is located near a newly expanded mall and big hospital (employment, employment!), with a very good school district (rated 8-9)! Golf courses all around the neighborhood! Rehabbed and rented!
3bedroom/2bath, 1266 sqf, attached 2 car garage.
Sales price: $83,000 (only $17k down for qualified US loans!)
Rented for: $$1000
Estimated net monthly cash flow: $699
Estimated ROI for cash transaction: $10.1%
Estimated ROI for loan transaction: $26.1%
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2. 3118 Danube Way, Indianapolis, $102,000!
Only $20.4K down for qualified US borrowers!
Built in 2005!
3bedrooms/2.5 baths, 1792 sqf, 2 car attached garage.
Comparable sales in the neighborhood:$110K-$115K.
Estimated rent: $1100 per month!
Estimated cash- flow for cash transaction: $861 ROI: 10%
Estimated cash-flow for loan transaction: $460 ROI: 27%!
Only $20.4K down for qualified US borrowers!
Built in 2005!
3bedrooms/2.5 baths, 1792 sqf, 2 car attached garage.
Comparable sales in the neighborhood:$110K-$115K.
Estimated rent: $1100 per month!
Estimated cash- flow for cash transaction: $861 ROI: 10%
Estimated cash-flow for loan transaction: $460 ROI: 27%!
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See the video:
http://www.youtube.com/watch?v=dh0YbRXjlKw&feature=youtu.be
3. 3961 Grand Ave., Indianapolis, IN
Cute, all brick ranch in Indianapolis for only $49,900 ( IF closing by January 31st).
Estimated value by realtor.com: $61,700.
3 bedrooms/1 bath, 999 sqf, rents for $750 per month!
Safe ,stable neighborhood in Indianapolis.
Just renovated, new flooring, new furnace and A/C systems.
Comes with a 3 month rent guarantee and a one year free Home Warranty.
Monthly cash flow for cash transaction: $532 ROI: 13%
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Contact me......
Naomi.
naomiesal@gmail.com
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Information deemed to be reliable but not guaranteed. Investors are advised to perform their due diligence before purchasing.
See the video:
http://www.youtube.com/watch?v=dh0YbRXjlKw&feature=youtu.be
3. 3961 Grand Ave., Indianapolis, IN
Cute, all brick ranch in Indianapolis for only $49,900 ( IF closing by January 31st).
Estimated value by realtor.com: $61,700.
3 bedrooms/1 bath, 999 sqf, rents for $750 per month!
Safe ,stable neighborhood in Indianapolis.
Just renovated, new flooring, new furnace and A/C systems.
Comes with a 3 month rent guarantee and a one year free Home Warranty.
Monthly cash flow for cash transaction: $532 ROI: 13%
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Contact me......
Naomi.
naomiesal@gmail.com
---------------------------------------------------------------------------------------------------------------------
Information deemed to be reliable but not guaranteed. Investors are advised to perform their due diligence before purchasing.
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