11.5% ROI 3+1.5 SFR Hawthorne, Indianapolis

Well maintained and established turnkey rental  property with a family that has been occupying this property for 4 years in row, and never missed a single payment. The property features the main house with full basement, large fenced backyard, and a second annexed property facing the back alley. The annexed property is currently not offered for renting, but has a functional garage and is also used as a storage place for garden tools etc. The annex property provides a potential for more income should the owner decide to rehabilitate it and offer it for rent.

The property has very good roof, and no foundation issues. Since we purchased the property, all details such as missing receptacles, smoke and carbon detectors, and many other smaller items and issues inside as well as outside the house have been fixed and corrected. The yard is meticulously maintained and the property manager visits the property at least once a quarter to check the situation. Tenant is very happy with the property and is not planning on leaving any time soon.

The property is priced to yield 11.5% cash on cash ROI after all typical expenses, please see the attached Cash Flow Analysis. We are currently charging $735/month rent.  (Zillow is estimating the market rent for this property to be at $825/month).

Financing: Available. We will finance the investor purchase. We do not charge any fees, and you can pay off and refinance the property at any time with any pre-payment penalties etc.
Lot Size: 6,446 sqft (0.15 acre)
Heating: Central (gas), Water: Public supply, A/C: No
Taxes: $941/year (2019)
Insurance: $64/month (estimated)
Availability: Now

Please see the attached Cash Flow Analysis.