Some of you missed me and contacted me asking WHY I haven't been posting lately.
The answer?
Very low inventory, rising prices and as a result- returns lower from what we have been seeing in 2012. I told you.....
Anyhow, look at these two great cash flowing investments in Indianapolis: still affordable and with reasonable returns on your money. These might be a bit older but just like me :-), after a comprehensive rehab, they will look and perform great!
(FYI- I'll be traveling out of the US starting this coming Wednesday 3/27, so if you would like to GRAB any of these, either call me FAST or contact me by email to: naomiesal@gmail.com ).
1. 9862 Scott Ct., Indianapolis, IN
Sales price: $62,900
Rent: $850
Built in 1963, 4bedrooms/1bath, 1421sqf, 1 car attached garage.
Will be totally rehabbed: new paint in and out, new flooring, new kitchen, new windows, new A/C and more...Similar sales in this area are $65,000 and up.
Estimated monthly cash-flow for cash transaction: up to $520 ROI: 10%
Estimated monthly cash- flow for loan transaction: up to $265 ROI: 24%!
9862 Scott Ct., Indianapolis, IN 46235 |
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2. 3807 Denwood Dr., Indianapolis, IN
Sales price: $79,900 (only $20K down for qualified US borrowers!)
Rent: $1050
Built in 1945 (will be as good as new after rehab!), 4bedrooms/2baths, 2502sqf (has basement).
Similar houses in the neighborhood sold between $90,000- $110.000!
Walking distance to neighboring Health Center (employment!),
Comes with a renewable free one year Home Warranty so no need to be concerned about maintenance costs! Will be as good as new after extensive rehab: paint, new windows, landscaping and so much more!
Estimated monthly cash-flow for cash transaction: up to $617 ROI: 9%
Estimated monthly cash-flow for loan transaction: up to $293 ROI: 22%
3807 Denwood Dr., Indianapolis, IN 46226 |
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Information deemed to be reliable but not guaranteed.
Investors are advised to conduct their own due- diligence before purchase.