TURNKEY w/Seller Financing in Indianapolis! 20% Cash on Cash!

[Clay Manship]

I own a great investment property here in Indianapolis (Warren Township) that I would entertain selling on contract/seller financing with only 10% down. This is a great property and is in excellent condition. Just trying to diversify the portfolio.

3BR/1.5 BA

~1,105 square feet

Brand new mechanicals, paint, flooring, newer appliances

PURCHASE: $60,000

Down Payment: $6,000 (10%)

Note Amount: $54,000

Interest Rate: 7%

Loan Term: 5 Years

Loan Amortization: 30 Years

MONTHLY PAYMENT: $359.26

Rent: $800

Taxes: ($93)

Insurance: ($50)

Management ($80) [10%]

Vacancy & Maintenance ($120) [15%]

MONTHLY NOI: $456

Less Monthly Debt Service ($359.26)

MONTHLY CASH FLOW: $97.41

CASH ON CASH RETURN: 19.48%

Please shoot me an e-mail at [email protected] with any questions, or feel free to call me directly at 317-828-4972. Happy to provide more pictures and answers where I can. Also willing to work out this deal and several others with the right buyer(s). Thanks to all.