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Karen Schnabel
  • Indianapolis, IN
6
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56
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*SOLD* Turnkey Fountain Square Duplex

Karen Schnabel
  • Indianapolis, IN
Posted Jul 19 2016, 13:20

1908-1910 Prospect St, Indianapolis, IN 46203

Great Investment property – Fully renovated and rent ready! Sitting in the heart of Fountain Square, you can see the action in the square from the front door. Private front entry porches and parking in the back. Handicap access on east unit.

Basics:

Beds: 4

Baths: 2

Sqft: 1,600

Expenses:

Sales Price: 65,000.00

Monthly Rent: 1,300.00

Estimated Taxes: 1,462.00 Yr

Estimated Insurance: 1,041.00 Yr

Management Fee: 1,560.00 Yr

Maintenance & Vac. 8%: 1,248.00 Yr

Cash Purchase:

Cash Flow: $857.42 Mo.

Return on cash investment: 15.83%

Leveraged Purchase:

Estimate Monthly Payment: $261.70

Cash Flow: $595.72 Mo.

Return on leveraged “cash on cash” with 25% down 43.99%

Call Karen 317-572-9000 | [email protected]

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