All Forum Posts by: Steve Lawson

See Proforma Below:

$48,000 Purchase Price

$9,000 Rent ($750/month)

18.75% GROSS RETURN

-$600 Insurance

- $864 Taxes

-$900 Management

= $6,636 ANNUAL NET CASH FLOW (13.83%)

-$1,356 Maintenance & Vacancy

=$5,280 ESTIMATED NET RETURN (11%)

Please visit http://p.reiblackbook.com/103711 or contact us at 317-446-6026 for more information.

Spacious Home in Great Area

3956 Vinewood Ave Indianapolis, Indiana 46254

See Proforma Below:

$62,000 Purchase Price

$11,400 Rent ($950/month)

18.39% GROSS RETURN

-$600 Insurance

-$1,104 Taxes

-$1,140 Management

= $8,556 ANNUAL NET CASH FLOW (13.80%)

-$1,716 Maintenance & Vacancy

=$6,840 ESTIMATED NET RETURN (11.03%)

Please visit http://p.reiblackbook.com/103733 or contact us at 317-446-6026 for more info.

This cute property just south of Historic Irvington has a solid return and is easy to rent. Not only does it have a nice interior, but it has a two car garage and sits on two lots so it has extra room for kids or pets. Property includes a one year warranty. Rehab being completed now!

see Proforma Below:

PRICE: $45,000

Rent: $725
Insurance: $50
Taxes: $80
Management: $73
Maintenance & Vacancy: $109

Please visit http://p.reiblackbook.com/100832 or call 317-446-6026 for more info.

Value and Income

1126 Mitthoeffer Rd., Indianapolis, IN 46229

First of all, this property is underpriced. Check out the surrounding comps! It is very attractive on the inside (great looking tile in kitchen and bathroom) plus has a spacious yard with privacy fence and mini-barn. It is in a great area that provides a rural feel, but is only 15-20 minutes from downtown. Property includes a one year warranty.

see Proforma Below:

PRICE: $59,000

Rent: $850
Insurance: $50
Taxes: $75
Management: $85
Maintenance & Vacancy: $128

Please visit http://p.reiblackbook.com/100650 or call 317-446-6026 for more info.

8243 E 48th St Indianapolis, Indiana 46266

See Proforma Below:

$50,000 Purchase Price
$9,600 Rent: ($800/month)

19.2% GROSS RETURN

-$600 Insurance
-888 Taxes

-$960 Management

=$7,152 ANNUAL NET CASH FLOW (14.3%)

-$1,440 Maintenance & Vacancy Estimate
= $5,172 ESTIMATED NET RETURN (11.42%)

Please visit http://p.reiblackbook.com/103258 or contact us at 317-446-6026 for more information.

This 3BR/2BA property located on Indianapolis' revitalized near-east side is one of the nicest properties on the street! With wrap-around decks and too many new amenities to count, this property commands $950/month in rent and comes with a tenant in place! This one will go fast!

See Proforma Below:

Rent: $950
Insurance: $50
Taxes: $109
Management: $95
Maintenance & Vacancy: $143
Monthly Net Income: $554
Annual Net Income: $6,648
CAP RATE: 11.07%

Please visit https://p.reiblackbook.com/98051 for more info or contact us at 317-446-6026.

This solid, basic home is just east of the popular Fountain Square neighborhood. It is in the process of being rehabbed and will be done faster than you can close.

See proforma below:

PRICE: $50,000

Rent: $750
Insurance: $50
Taxes: $49
Management: $75
Maintenance & Vacancy: $113

Please visit http://p.reiblackbook.com/100667 or call 317-446-6026 for more info.

See Proforma Below:

$50,000 Purchase Price
$9,540 Rent: ($795/month)

19.08% GROSS RETURN

-$600 Insurance
-$972 Taxes

-$960 Management

= $7,008 ANNUAL NET CASH FLOW (14.02%)

$1,431 Maintenance & Vacancy

=$5,577 ESTIMATED NET RETURN (11.15%)

Please visit http://p.reiblackbook.com/103231 contact us at 317-446-6026 for more information.

Incredible opportunity to own a solid brick apartment building at a reasonable price. Seriously...hardwood floors at this price? Property contains eight 2-bedroom units and two 1-bedroom units...and the biggest closets we've ever seen in apartments. All of this results in a low-maintenance, easy-to-rent cash machine.

See Proforma Below:

$412,000 Purchase Price

$75,000 Rent: ($6,250/month)

18.2% GROSS RETURN

-$4,092 Insurance

-$3,984 Taxes

-$7,500 Management

-$6,948 Other owner expenses (trash, utilities, etc.)

= $52,476 NET ANNUAL CASH FLOW (12.74%)

-$11,256 Maintenance & Vacancy

=$41,220 ESTIMATED ANNUAL RETURN (10.0%)

Please visit http://p.reiblackbook.com/103103 or contact us at 317-446-6026 for more information

This recently-rehabbed home is in great shape and makes a great rental property for you. Should have a tenant in place before you can close.

see Proforma Below:

PRICE: $49,000

Rent: $750
Insurance: $50
Taxes: $55
Management: $75
Maintenance & Vacancy: $113

Visit https://p.reiblackbook.com/100820 or call 317-446-6026 for more info.