Updated over 9 years ago on .
Turnkey SFH - Indianapolis - rented, 13% CAP!
Based on all the ads I've seen on BP, I imagine this will go pretty quick at 13% CAP and completely rehabbed in the last 90 days, 1 year lease in place! You get to start Cash flowing from Day 1! Returns will likely be higher with very small chance of vacancy and maintenance issues the 1st year.
Property management company has historical 6% vacancy rate across over 150 properties. In the event of a vacancy, it's only a $150 lease up fee and units typically fill within 30 days. Evictions are very low % as tenants are screened. In the unlikely event of an eviction, PM will not charge lease up fee in the middle of a lease.
I have 55 Units in Indy, all with the same property management, and they are stellar.
Click on the link for all the financials and pictures.
All utilities are paid by tenant.
If you're serious about this property, call me, I don't have time to email back and forth with a bunch of curiosity seekers or other turnkeys trying to figure out why I'm way under their pricing. Sorry to be so blunt, but I run a multi-million dollar nutrition business. I'm under their pricing because I am also an investor and I want to feel good about the value I'm offering, and I don't do this for a living and I want to move it quickly.
Cell: 269-369-9654