Updated about 7 years ago on .
Cash flowing $5,880 since 2015
A great value proposition to invest in America’s third fastest growing city! With great income potential and future growth. We have all seen what seems like a great deal of a property in the Midwest, sadly many of these towns and cities just have not recovered. Population figures show a decrease and many homes are vacant leading to oversupply of housing stock and resulting in a glut of low priced homes. Many sellers are looking to buy these cheap homes and pass them on for a quick buck.
As someone who has been in this market for over four years, and owned these properties for a number of years I feel I am able to offer a better product and one that has a proven track record of cash flow. We have a number of properties available in our portfolio and we are looking to reduce these in order to fund several new builds.
Our portfolio is completely hands off, we have used many different tactics to ensure this and has been built up through over ten years of experience in real estate both in the States and abroad. We feel we have the best property management company working with us in this area to ensure these homes bring in cash. They offer all the services you require, which has been extremely useful for our hands off approach investing from Europe.
We are flexible with what we can do with these homes so feel free to reach out and ask any questions you may have- [email protected], WhatsApp +447793242292.
This Property had been rented out at $600 per month previous, this gives scope to increase rent.
Current Income
Yearly: $5,880
Taxes: $503.02
Insurance: $598.62
Property Management: $588
Net Income: $4190.36
PROPERTY DESCRIPTION
Number of units: 1
Type: Single family 1 storey home
Utilities: Paid by tenant
Construction: Wooden frame, vinyl siding
Current Occupancy: Just listed to rent after completion of cosmetic refurb. (New paint throughout)
Building Square Footage: 1072
QUICK FACTS
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Great investment in Kokomo Indiana
Top three fastest growing cities since the Great Recession as reported in a Bloomberg study
http://www.kokomotribune.com/news/local_news/kokom...
Huge job creation in the area, Chrysler plant alone has a $2 billion investment
Rent increase upside – Future rental demand expected as job creation grows
Low crime area – Take a look on www.spotcrime.com
Great location close to large employers and Indiana University, enrolment of 3,000 students per year
Tenants to pay all utilities
Professional Management Company already in place
Hands off investment
Proven track record: We have been owner investors, with profitable rent since 2015