House in Fort Wayne - Turn-key

[Adam Gerig]

343 Dunwood Drive- Fort Wayne

Long Term Rented Turnkey Cash Flow Property with management in place. This property is part of a liquidation of an estate. 2 bd/1 bath 660 sq. ft with basement and garage. Current Rent $495/month. (Rents are below market in our opinion- Median Rent is $600/month in the area) Based on current rents: Gross Rents $5,940/yr -10% management fee, -10% vacancy allowance, -10% maintenance allowance, Property Taxes at $647/yr, Insurance est. of $400/yr = NOI of $2992/ yr. 16 CAP makes valuation at $18700. Assessed Valuation is $31,200. Information deemed reliable, but not guaranteed. Buyer to conduct own due diligence. Property being sold in "AS IS" condition with no warranties or guarantees. Closing costs to be evenly divided, property taxes pro-rated to date of closing paid by seller, Warranty Deed Provided. Seller to pay owner title insurance. No survey provided. Email us back with your contact information if interested

Priced at $20,500