CAP 17.8% 673 River Ave, Indianapolis 3bd/1ba/$800mo

[Taylor Jennings]

Indianapolis deal 0.8mi from Lucas Oil Stadium! Good neighborhood!

$800 / 0.02 = $40k - $18k (Rehab) = $22k

We are selling this deal for $17k. Closes on or before Friday 7/25.

$800 - $281.51 (Exp/mo) = $518.49 x 12 = $6221.88 / $35000 = 17.8% CAP

FLOORPLAN + Our Scope: http://bit.ly/1nFaTPT

MENTIONABLES

• Raised Ceilings: Master bedroom, living room 1, living room 2
• Large fenced in backyard
• Big shed in back with shelving
• 0.8mi walk to Lucas Oil Stadium
• Closed in front porch
• Front patio
• Open floorplan kitchen with bar top
• Large laundry room
• Deal comes with the Land Lot beside it (801 River Av)

Neighborhood: http://360.io/vf8Kff

Backyard: http://360.io/PmdpVs

Living 1 & 2: http://360.io/ztVLPM

Master: http://360.io/54uWmt

Bed 1 & 2: http://360.io/XgcDaG

Laundry: http://360.io/zrA6dA

Kitchen: http://360.io/axZZVY

1. ALL PICTURES: http://bit.ly/1u0b4ia

673 RIVER
Vacancy Rate	8.00%	Rent Rate	$800.00
Management	10.00%	Actual Reh	$18,000.00
Maintenance	5.00%	Sell CAP	12.00%
Private Money	12.00%
After Repair Value	$60,000.00
Purchase Price	$17,000.00
Wholesale/Money Fee	$0.00
Rehab Budget	$18,000.00
Actual Rehab	$18,000.00
CASH BACK	$0.00
Rent Rate/mo	$800.00
OPERATING COSTS	Monthly	Yearly
Vacancy	$64.00	$768.00
Taxes	$36.36	$436.26
Insurance	$34.58	$415.00
Maintenance	$40.00	$480.00
Management	$80.00	$960.00
Electric	$0.00	$0.00
Water	$0.00	$0.00
Sewer	$4.92	$59.00
Garbage	$0.00	$0.00
HOLDING COSTS	Monthly	Yearly
Private Money	$350.00	$4,200.00
Alarm	$25.00	$300.00
Electric	$23.45	$281.40
Water	$30.00	$360.00
Sewer	$4.92	$59.00
Garbage	$0.00	$0.00
HOLDING COSTS/mo
Rehab Vacancy Time	3
Total Expenses	-$688.31
VACANCY COST	-$2,064.92
NOI w/ Tenant	$111.70
REI Buyer EXP/mo	-$281.51
REI Buyer NOI/mo	$518.49
REI Buyer CAP Offer %	12.00%
REI Buyer Sell Price	$51,849.04
Total Expenses	$32,935.09
Marketing to Sell Prop	$500.00
Closing Costs	$850.00
TURNKEY PROFIT	$17,563.96
FLIP NET PROFIT	$25,714.92