ACT FAST: 9 Unit, 14% Cap, 31% ROI (assumed 30% down). Will not last!!

[Mark Milan]

Price $138,500

Gross annual rent: $39,060

Income after 5% vacancy: $37,107

Annual Op Ex: $17,301 (incl maint and mgmt)

NOI : $19,806

30% down + approx closing costs $43,550

Annual debt service @5% = $6,245

Net Annual Cash flow: $13,561

Annual cash on cash ROI: 31.14%

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This is a sweet investment with abnormally large returns especially considering the effort it involves. This single level apartment building is near Indianapolis, IN. Little to no repairs needed. Well kept, owned by an older woman who is ready to relax and cash out. 8 units rented. Unit #9 has been used for owner storage but can be rented with minimal effort and investment. Full financial profile is ready for presentation. If you are interested you must: be ready to sign NDA and ready/able to close quickly.

PM me with inquiries and please include an email address that I can send NDA and financials to.