Indianapolis Cash Flowing Multi-Family Home

[Derek Gendig]

Indianapolis Investment Home Opportunity.

This home is a duplex. The home was completely renovated in the fall of 2014.

The rehab included but was not limited to; new plumbing, new electrical, new windows, new siding, new kitchens and bathrooms, new flooring, new drywall, new paint, new trim, new furnaces, new hot water heaters, new finishes throughout. All finishes were selected to promote low cost maintenance and unit turns.

Both units are rented and cash-flowing. Both units have a security deposit on file. Both residents on a 1 year lease.

Home is currently being managed by a professional property management company.

The Financials: (monthly)

Purchase Price - $68,900

Gross Monthly Rent - $1,100

Utilities $0.00 (tenants responsible for water, gas & electric, No HOA fees)

Management Fee - $110

Taxes - $137.33
Insurance - $76.82

CAP RATE 11.60%

*Assumptions: Vacancy 5%, Management 10%, Maintenance 5%