All Forum Posts by: William Hull

Great 3/2 all Brick Ranch in Decatur Schools. Would make an excellent flip or rental. Rents $1175 as a 3 bedroom. This is a full rehab as you can see in the pictures and video but has been priced accordingly. New well in 2015 with a 9 year warranty. Brick exterior.

Roof - 20-25 years

Water heater - 6 years

Electric ceiling radiant heat

New pressure tank

Septic last cleaned 6 years ago

Comps: Sold last 360 days

8640 Camby Rd 3/2.5 Sold 160k

8903 Camby Rd 3/2 Sold 185k

9202 Camby Rd Sold 135k

All Cash, as is, Buyer pays all closing costs.

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3/1 in Lawrence Township that rents for $800-$825! Front half of home has new vinyl windows and large backyard. Former garage, now large storage shed behind home. House does have a foundation issue and has been priced accordingly. Nothing has sold under 30k in this neighborhood for 360 days let alone for 24k!!

Rent Comps within .02 miles

5945 E 39th st rents $800

4037 N Catherwood Ave rented $825

Roof - 20+ years

Water heater - 6 years

Furnace - 10 years

Several vinyl windows

All cash, as is, buyer pays all closing costs

Contact: 

AMIE LIEURANCE

630-303-3444

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ANALYSIS SUMMARY*

Annual ROI*: 39% Gross ROI 27% Net ROI

Square Feet: 1,739

Bedrooms: 3

Bathrooms: 1

Notes: Great 3/1 on Quiet Street in Brookside Park Area. Brookside Park area is seeing a huge turn around with lots of rehabs and improvements going on. The city has invested a lot of money in this area and comps and rents are on the rise! Great future appreciation with this property! You could easily add a 4th bedroom upstairs with all the space. Beautiful hardwoods! Newer roof, 2 car garage and privacy fence, 100 amp electric, older furnace and water heater (but they work) and wood windows with storm windows. House is now vacant with lock box on it. Please contact us to see the inside.

VALUATION ANALYSIS*

Pricing: $22,500

Assessed Value: $48,534

Estimated Repairs**: $25,000

ARV: $75,000

Annual Taxes @ 2%**: $728

MONTHLY CASH FLOW ANALYSIS*

Proj. Monthly Rent: $725

Monthly Taxes: $

Management @ 10%: $73

Est. Monthly Insurance 456 YR: $38

7% Vacancy: $51

7% Maintenance: $51

Net Monthly Cash Flow: $513

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I would reach out to Jynell Berkshire. She is on BP or call her office. She could probably point you in the right direction. That is who use and she does a great job!

Hi Shane, Lots of factors to consider in the Indy market as many people have said before it is very street by street and block my block. If you are in Township schools in that rate range in general you should be in pretty good areas. The most important thing is finding trust worthing people that are in Indy that can help you. Lots of good contractors, property managers, wholesalers and turnkey providers in Indianapolis. Just looking through old threads on BP you can find lots of them. You can feel free to private message me and I'd be happy to give you some referrals of people that I would trust to refer to you. Good luck and welcome to Indy! Will

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           602 S Lyons Ave, Indianapolis, IN 46241

                                 $26,000

3/2 in Wayne Township Schools with a two car garage! Siding in great condition. Newer roof. Master bedroom with master bath on main floor. All three bedrooms have walk in closets. House needs cleaned out but the bones of this house are in good shape. Tax assessment is $84,500! This would make a great rental or small flip.

100 amp electric
Storm windows
Water heater - 5 years

All cash, As is, Buyer pays all closing costs.

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Sounds like you are making some real progress! You are a great guy and it was a pleasure meeting you. Like I said, please reach out if I can be of any help!

Good to see you on BP Barb!

Wow L.D.! Great story and thanks for sharing! Welcome to Indy and if I can be of any help, please feel free to reach out.