Knox, IN Investments
Hello all,
This is a question pertaining to investing in Northwest Indiana (NWI). I was just inquiring as to whether anyone has any investment properties in Starke County, Indiana; specifically Knox, IN. I know there is a limited economic drive for the area, and was wondering if there were any success stories of people maintaining a successful buy and hold portfolio in the area. I recently bought properties in the area and am wondering if I should try to sell them or keep them as rentals. I purchased four units for a little under $80,000 total. I'm looking at $500 a month for each unit, $2000 gross monthly income, $24,000 annual. Expenses are roughly $3000 annually.
If anyone has experience in the area, any insight would be great. I'm not sure if my rent expectations are too high or not. The units are all 2 bedrooms 1 bath units with roughly 700 sq ft.
Thanks in advance!