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39 18th-ave TurnKey Homes
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Transcript of 39 18th-ave TurnKey Homes
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39 N 18th Ave, Beech Grove, IN 46107Turn-Key Rental in Beech Grove ~ 2 monthly security deposit and $950 per Month (2 year lease)
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Great investment property in the middle of Beech Grove. This property has been remodeled and is in good shape. It is block style home with 4 bedrooms, 1 bathroom, a nice 2 car garage, nice yard. Great tenants. Tenants have signed a 2 year lease at $950 per month and a 2 month ($1900) is held s a security deposit. Great opportunity for this Turn-Key investment. Property was purchased for $87,000 in 2010.
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Details
• Details about Property:
• Beech Grove, Indiana ~ Long Term Tenant ~ 2 year lease
• 4 Bedrooms, 1 Bathrooms, Block Ranch, Newer roof, 2 Car Garage, Nice yard. 1680 Finished Sq Feet, Assessed at $76200.
• Rented: $950 per Month with a $1900 Security Deposit held.
• ARV: $80-95K
• Year Built: 1950
• Semi-Annual Taxes: $374 (Homestead)
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Active and Sold Comps in Area
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Tax Report
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Cap Rate
• Cap Rate on Property
• Rented per Month: $950
• Rented per Year: $11400
• Expenses:
• Vacancy and Maint (12%) = $114
• Management: (10%) = $95
• Taxes: $125 (After Homestead Falls Off)
• Insurance: $40
• 2 Month Security Deposit.
• Total Expenses per Month: $374
• Net Rent per Month: $576
• Net Rental Income per year: $6912
• Cap Rate: $6912 / 59,900 = 11.5%