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