12.9% ROI 2+1 SFR, Muncie

This property is a nice 2+1 (2 beds + 1 bath) vacant rental property. The property features the main house positioned on a green land parcel with the garage in the backyard. The property is accessible from the S Pershing Dr from the front, and from the ally in the back of the property where the garage entrance is located. It has an A/C unit and maintained furnace, all is in working order in this property.

Since we acquired this property we have fixed many small items such as smoke and carbon monoxide detectors, receptacles, door stops and many other small (but important!) items were addressed. We rehabilitated the bathroom, installed a brand new tub surround, and closed of and sealed the bathroom window to prevent any potential moisture or water leakage issues (we always prepare our properties with future maintenance in mind!). The property has good roof, and all trees and bushes have been trimmed in order to minimize the leaves and branches fall off on it. The yard is meticulously maintained and the property manager visit the property at least once every 2 months to inspect it.

The estimated rent for this property is $550/month (Zillow rent estimate is $600/month). Please see the attached Cash Flow Analysis.

Financing: Not available, cash only.
Lot Size: 5,000 sqft (0.11 acre)
Heating: Central (gas, provided by Vectren), Water: Public supply (Indiana American Water), A/C: Yes
Taxes: $566/year (2019)
Insurance: $50/month (estimated)
Availability: Now

Please see the attached Cash Flow Analysis.