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1033 Forest Ave, Indiana, USA, 46805

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Property Features

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Property Description

Complete turnkey cashflowing investment property selling with 20% instant equity. This is a 4 bd/2 bath home with central air and gas forced air heat, 2 car detached garage, dry usable basement with new electric range, dishwasher and refrigerator. Rehabbing included installation of new energy efficient double pain windows, new gutters, interior walls and ceilings have been stripped and refinished, new exterior screen doors, new garage door opener, new exterior side door to garage, new wiring. A very safe quiet neighborhood. Close to shopping, schools and Parkview hospital. Insulation has been blown into the walls. Resident is under contract at $750/month rent. After repair value is $82K based on recent (6 months) comps. Six months of free management services included. You can keep current managment or manage yourself and increase cashflow even more. Cashflow is $515/month after management fees, taxes, insurance. 23% cash on cas return per year on a two year lease option or contract.

 

Price: $64,000

Property: Single Family Home
Bedrooms: 3
Bathrooms: 2
Approx Sq Ft: 5,120
Price/Sqft: $12