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Sold Properties

4120 W. 30th Street, Indianapolis IN 46222
3 Bedrooms, 2 Bathrooms
Purchase Price $56,400.00
Closing Costs $2,500.00
25% Down $14,100.00
Appraised Value HVCC Dictates
Financed Amount $42,300.00
Avg. Rental $750.00
Prin & Int. @ $259.00
PM Fee 10% $75.00
Tax & Ins. $173.00
Net Cash Flow $243.00
Built 1955; lot size 61 x 100; 984 sq. feet; Desirable Eagledale neighborhood near Famous Indianapolis 500 Speedway! Newer furnace and hot water heater… fenced yard… all new paint, carpet, will stay rented long term!!
 
2005 N. Riley Ave, Indianapolis IN 46218
3 Bedrooms, 1 Bathroom
Purchase Price $70,500.00
Closing Costs $2,500.00
25% Down $17,625.00
Appraised Value HVCC Dictates
Financed Amount $52,875.00
Avg. Rental $695.00
Prin & Int. @ $324.00
PM Fee 10% $69.50
Tax & Ins. $95.00
Net Cash Flow $207.00
Emerson Heights 1,163 square foot home with 3 bedrooms, 1 bath…huge corner lot that comes with extra parcel…2 car detached garage.
 
1665 Kildare Avenue, Indianapolis IN 46218
3 Bedrooms, 1 Bathroom
Purchase Price $44,000.00
Closing Costs $2,500.00
25% Down $11,000.00
Appraised Value HVCC Dictates
Financed Amount $33,000.00
Avg. Rental $650.00
Prin & Int. @ $202.00
PM Fee 10% $65.00
Tax & Ins. $179.00
Net Cash Flow $204.00
Built 1998; lot size 50 x 140; 1,064 sq. feet. Constructed in 1998 with brick siding…long-term tenant.
 
3041 South Taft Avenue, Indianapolis IN 46241
3 Bedrooms, 2 Bathrooms
Purchase Price $71,500.00
Closing Costs $2,500.00
25% Down $17,875.00
Appraised Value HVCC Dictates
Financed Amount $53,625.00
Avg. Rental $775.00
Prin & Int. @ $328.00
PM Fee 10% $77.50
Tax & Ins. $102.00
Net Cash Flow $267.00
1300 sq. foot home with 3 bedrooms, 2 bathrooms…huge detached 2 car garage…fenced yard.
 
1302-1304 Tecumseh Avenue, Indianapolis IN 46201
1 Bedroom, 1 Bathroom on each side
Purchase Price $57,500.00
Closing Costs $2,500.00
25% Down $14,375.00
Appraised Value HVCC Dictates
Financed Amount $43,125.00
Avg. Rental $700.00
Prin & Int. @ $258.00
PM Fee 10% $70.00
Tax & Ins. $167.00
Net Cash Flow $204.00
Below fair market rent…long term tenants. This duplex is located near revitalization project for 2012 Super Bowl as well as located in a historial neighborhood. (many homeowners and families rehabbing old turn of the century homes!)
 
2904 E. Murry Street, Indianapolis IN 46237
3 Bedrooms, 1.5 Bathrooms
Purchase Price $54,000.00
Closing Costs $2,500.00
25% Down $13,500.00
Appraised Value HVCC Dictates
Financed Amount $40,500.00
Avg. Rental $695.00
Prin & Int. @ $248.00
PM Fee 10% $69.50
Tax & Ins. $166.00
Net Cash Flow $211.00
 
4934 Rockville Road, Indianapolis IN 46224
3 Bedrooms, 1 Bathroom
Purchase Price $65,500.00
Closing Costs $2,500.00
25% Down $16,375.00
Appraised Value HVCC Dictates
Financed Amount $49,125.00
Avg. Rental $725.00
Prin & Int. @ $301.00
PM Fee 10% $72.50
Tax & Ins. $148.00
Net Cash Flow $204.00
Desirable 1,068 sq. foot West side 3 bedroom, 1 bath house with huge fenced in yard and detached 2 car garage…extensive rehab ensures tenants will never want to leave.
 
2902 Denison Street , Indianapolis IN 46241
3 Bedrooms, 1 Bathroom
Purchase Price $72,500.00
Closing Costs $2,500.00
25% Down $18,125.00
Appraised Value HVCC Dictates
Financed Amount $54,375.00
Avg. Rental $775.00
Prin & Int. @ $326.00
PM Fee 10% $77.50
Tax & Ins. $177.00
Net Cash Flow $194.00
oversized 2 car garage sits on a corner lot. Wayne Township Schools, Lafayette Heights. Great rental area with a high demand for quality.
 
3330 N. FRANKLIN RD, Indianapolis IN 46226
3 Bedrooms, 1.5 Bathrooms
Purchase Price $64,500.00
Closing Costs $2,500.00
25% Down $16,125.00
Appraised Value HVCC Dictates
Financed Amount $50,250.00
Avg. Rental $750.00
Prin & Int. @ $307.77
PM Fee 10% $75.00
Tax & Ins. $133.66
Net Cash Flow $233.57
CONSULTING FEE 5,000.00 PAID UP-FRONT

13% ANNUAL CASH ON CASH RETURN

3 bedroom 1.5 bath home with large yard and well matured trees. 1 car detached garage; deck off upper level in the back.
 
4326 W. 30th Street, Indianapolis IN 46222
3 Bedrooms, 1 Bathroom
Purchase Price $62,500.00
Closing Costs $2,500.00
25% Down $15,625.00
Appraised Value HVCC Dictates
Financed Amount $44,875.00
Avg. Rental $750.00
Prin & Int. @ $274.85
PM Fee 10% $75.00
Tax & Ins. $168.50
Net Cash Flow $231.65
900 sq. ft. Eagledale home in excellent condition. 3 bedroom 1 bath with carport and fenced yard…has all new vinyl windows.
 
6332 Sharrob Rd, Indianapolis IN 46241
3 Bedrooms, 2 Bathrooms
Purchase Price $67,000.00
Closing Costs $2,000.00
25% Down $16,750.00
Appraised Value HVCC Dictates
Financed Amount $50,250.00
Avg. Rental $750.00
Prin & Int. @ $307.77
PM Fee 10% $75.00
Tax & Ins. $155.00
Net Cash Flow $212.23
1987 construction in highly desirable schools… 3 bedrooms 1 bath… Previous owner lost to foreclosure… This is a long term keeper!
 
2049 N. Lesley Avenue, Indianapolis IN 46218
3 Bedrooms, 1 Bathroom
Purchase Price $54,000.00
Closing Costs $2,500.00
25% Down $13,500.00
Appraised Value HVCC Dictates
Financed Amount $40,500.00
Avg. Rental $625.00
Prin & Int. @ $248.05
PM Fee 10% $62.50
Tax & Ins. $194.00
Net Cash Flow $120.45
3 bedrooms 1.5 baths on a half acre lot… huge detached garage… quiet working class street in a diverse neighborhood. Long-term tenants have below fair market rent amount; just signed one year lease with previous owner. Once rents adjust to fair market ($750)
 
3626 MOLLER RD, Indianapolis IN 46224
4 Bedrooms, 1 Bathroom
Purchase Price $77,500.00
Closing Costs $2,500.00
25% Down $19,375.00
Appraised Value HVCC Dictates
Financed Amount $58,125.00
Avg. Rental $850.00
Prin & Int. @ $356.00
PM Fee 10% $85.00
Tax & Ins. $110.00
Net Cash Flow $58,125.00
CONSULTING FEE 5,000.00 PAID UP-FRONT

13% ANNUAL CASH ON CASH RETURN

Located in Eagledale on a street with high visibility 4 bed 1 bth completely renovated inside and out.

The property has updated kitchen and bath ceramic tile thru-out hard wood laminate flooring, and a large back yard. Has new 3 dimensional roof new siding, new shutters, new exterior door.
 
2165 RINGGOLD AVE, Indianapolis IN 46203
3 Bedrooms, 1.5 Bathrooms
Purchase Price $52,400.00
Closing Costs $2,500.00
25% Down $13,100.00
Appraised Value $70,000.00
Financed Amount $41,175.00
Avg. Rental $675.00
Prin & Int. @ $252.18
PM Fee 10% $67.50
Tax & Ins. $185.00
Net Cash Flow $170.32
Property is rented and performing

IHG CHARGES A 5,000.00 CONSULTING FEE

(NOT CALCULATED IN THE WORKSHEET)

CASH ON CASH RETURN 15.5 % RETURN

Home has been completely rehabbed in the last 2 years including new roof, windows, siding, doors, upgraded mechanical;s (HVAC & hot water heater). Newer kitchen & bathroom, fenced yard & 2 car garage. Close proximity to University of Indianapolis; currently rented by college students.

Lending currently requires 25% down on investment properties which is reflected in our worksheet estimations.
 
3910 GRACELAND AVE, Indianapolis IN 46208
4 Bedrooms, 1 Bathroom
Purchase Price $87,500.00
Closing Costs $2,500.00
25% Down $21,875.00
Appraised Value $90,000.00
Financed Amount $65,625.00
Avg. Rental $1,100.00
Prin & Int. @ $401.93
PM Fee 10% $110.00
Tax & Ins. $260.00
Net Cash Flow $328.07
Property rented and performing

IHG CHARGES A 5,000.00 CONSULTING FEE

(NOT CALCULATED IN THE WORKSHEET)

ANNUAL CASH ON CASH RETURN 17.9%

Butler Tarkington area great rental for Butler University students. The American Foursquare, or the Prairie Box, was a post-Victorian style that shared many features with the Prairie architecture pioneered by Frank Lloyd Wright. The boxy foursquare shape provided roomy interiors for homes on small city lots.

Lending currently requires 25% down on investment properties which is reflected in our worksheet estimations.

Updates Include: All new Double Payne Windows, All new Casing, New $450 front door, re-finished hardwoods, all new elctrical, new carpet, new vinyl flooring, kitchen completely renovated, bath completely renovated, all new drywall w/ texture, all new lighting.
 
1605 SPANN AVE, Indianapolis IN 46203
3 Bedrooms, 1 Bathroom
Purchase Price $57,500.00
Closing Costs $2,500.00
25% Down $14,375.00
Appraised Value $70,000.00
Financed Amount $43,625.00
Avg. Rental $675.00
Prin & Int. @ $267.19
PM Fee 10% $67.50
Tax & Ins. $145.00
Net Cash Flow $195.31
Property rented and performing

IHG CHARGES A 5,000.00 CONSULTING FEE

(NOT CALCULATED IN THE WORKSHEET)

CASH ON CASH RETURN 16%

Close proximity to Historic Fountain Square, upwardly trending middle-class neighborhood. Home was recently completely rehabbed…hardwood floors, siding, roof, cabinets, furnace, hot water heater and windows; all brand new in 2004.
 
2714 DAWSON ST, Indianapolis IN 46204
3 Bedrooms, 1 Bathroom
Purchase Price $62,021.00
Closing Costs $2,500.00
25% Down $15,505.25
Appraised Value $70,000.00
Financed Amount $46,515.80
Avg. Rental $675.00
Prin & Int. @ $284.89
PM Fee 10% $67.50
Tax & Ins. $135.00
Net Cash Flow $187.61
Property is rented and performing

IHG CHARGES A 5,000.00 CONSULTING FEE

(NOT CALCULATED IN THE WORKSHEET)

CASH ON CASH RETURN 15.5 % RETURN

South side 3 bedroom 1 bath home, middle-class community full of homeowners! Newer roof, siding, windows ensure low maintenance and high collections for years to come.
 
4007 N. VINEWOOD AVE, Indianapolis IN 46254
4 Bedrooms, 1 Bathroom
Purchase Price $78,500.00
Closing Costs $2,500.00
25% Down $19,625.00
Appraised Value $80,000.00
Financed Amount $58,875.00
Avg. Rental $800.00
Prin & Int. @ $360.59
PM Fee 10% $80.00
Tax & Ins. $130.50
Net Cash Flow $228.91
Rented and performing nicely. Great location great cash flow property. IHG CHARGES A 5,000.00 CONSULTING FEE. (NOT CALCULATED IN THE WORKSHEET). ANNUAL CASH ON CASH RETURN 13.9%

4 bedroom 1 bath home with one car garage located in diverse neighborhood on northwest side of Indianapolis.
 
3118 KESWICK RD, Indianapolis IN 46222
Purchase Price $87,500.00
Closing Costs $2,500.00
25% Down $21,875.00
Appraised Value HVCC Dictates
Financed Amount $65,625.00
Avg. Rental $975.00
Prin & Int. @ $401.93
PM Fee 10% $97.50
Tax & Ins. $104.51
Net Cash Flow $371.06
CONSULTING FEE 5,000.00 PAID UP-FRONT

16% ANNUAL CASH ON CASH RETURN

Section 8 approved, completely rehabbed home…heated garage with electric garage door opener. $20,000 spent on the kitchen rehab and new appliances. 4 mini-barns for additional storage.
 
5714 SUBURBAN DR, Indianapolis IN 46222
5 Bedrooms, 3 Bathrooms
Purchase Price $87,500.00
Closing Costs $2,500.00
25% Down $21,875.00
Appraised Value $90,000.00
Financed Amount $65,625.00
Avg. Rental $1,025.00
Prin & Int. @ $401.93
PM Fee 10% $102.50
Tax & Ins. $235.00
Net Cash Flow $285.57
ANNUAL CASH ON CASH RETURN ON INVESTMENT 15.6%

PROPERTY WILL HAVE RENTER IN BY AUGUST 15TH 2009
 
5726 SUBURBAN DR, Indianapolis IN 46222
4 Bedrooms, 1 Bathroom
Purchase Price $85,500.00
Closing Costs $2,500.00
25% Down $21,375.00
Appraised Value $88,000.00
Financed Amount $64,125.00
Avg. Rental $1,025.00
Prin & Int. @ $392.75
PM Fee 10% $102.50
Tax & Ins. $260.00
Net Cash Flow $269.75
CASH ON CASH RETURN 16.2 % RETURN
 
3125 W 23RD STREET, Indianapolis IN 46222
2 Bedrooms, 1 Bathroom
Purchase Price $52,500.00
Closing Costs $1,000.00
25% Down $13,125.00
Appraised Value $55,000.00
Financed Amount $0.00
Avg. Rental $625.00
Prin & Int. @ $0.00
PM Fee 10% $62.50
Tax & Ins. $160.00
Net Cash Flow $402.50
HAS SECTION 8 RENTER IN PLACE
 
3818 W. 30th Street, Indianapolis IN 46222
3 Bedrooms, 1 Bathroom
Purchase Price $58,500.00
Closing Costs $2,500.00
25% Down $14,625.00
Appraised Value $65,000.00
Financed Amount $46,375.00
Avg. Rental $750.00
Prin & Int. @ $284.03
PM Fee 10% $75.00
Tax & Ins. $210.83
Net Cash Flow $180.14
Located in desirable Eagledale neighborhood….close proximity to Speedway. Fenced in yard and 2 car garage enables quick and easy rentability.
 
2028 Ruckle Street, Indianapolis IN 46202
3 Bedroom, 1 Bathroom
Purchase Price $83,500.00
Closing Costs $2,500.00
25% Down $20,875.00
Appraised Value $20,875.00
Financed Amount $64,500.00
Avg. Rental $925.00
Prin & Int. @ $395.04
PM Fee 10% $92.50
Tax & Ins. $163.42
Net Cash Flow $274.04
Upper middle-class historical neighborhood, large 3 bedroom homes in the vicinity are renting for $1000-$1500/month. Rent reduced on this one because it lacks a garage and is smaller than other properties. Everything new on this prop: roof, gutters, siding, windows, electrical, plumbing, kitchen, bathrooms, flooring, drywall. Will appraise for over $100,000.
 
1829 Barth Ave, Indianapolis IN 46203
3 Bedrooms, 1 Bathroom
Purchase Price $58,500.00
Closing Costs $2,500.00
25% Down $14,625.00
Appraised Value $65,000.00
Financed Amount $46,375.00
Avg. Rental $700.00
Prin & Int. @ $284.03
PM Fee 10% $70.00
Tax & Ins. $141.83
Net Cash Flow $204.14
3 bedroom 1 bath home…new roof, siding, windows. 2 car detached garage…Stable, diverse neighborhood… next door neighbor has lived there 46 years!! Comprehensive rehab ensures there is no deferred maintenance for this cash cow!

Disclaimer: Buyer is advised that all information contained above has been obtained from sources deemed reliable but is not guaranteed and buyer further agrees to take full responsibility in satisfying themselves as to the accuracy. The authors cannot be held responsible for
 
1360-1362 S. Sheffield Ave, Indianapolis IN 46221
Duplex | 2 Bedrooms, 1 Bathroom on each side
Purchase Price $67,500.00
Closing Costs $2,500.00
25% Down $16,875.00
Appraised Value $72,000.00
Financed Amount $53,125.00
Avg. Rental $900.00
Prin & Int. @ $325.37
PM Fee 10% $90.00
Tax & Ins. $148.17
Net Cash Flow $336.46
Double with 2 bedrooms 1 bath on each side in good blue collar neighborhood on Southwest side of Indianapolis. Comprehensive rehab work includes laminate wood flooring…. Tenants get EXCELLENT value of 900 square feet in a stable, diverse neighborhood for only $450 a month. This is lower than the fair market rent in the area and will insure a low vacancy rate for the owner! AMAZING cash flow even WITH a loan!!

Disclaimer: Buyer is advised that all information contained above has been obtained from sour
 
3114 E. 4th Ave, Indianapolis IN 46221
3 Bedrooms, 1 Bathroom
Purchase Price $60,500.00
Closing Costs $2,500.00
25% Down $15,125.00
Appraised Value $67,000.00
Financed Amount $47,875.00
Avg. Rental $725.00
Prin & Int. @ $293.22
PM Fee 10% $72.50
Tax & Ins. $157.00
Net Cash Flow $202.28
Desirable south west neighborhood in Decatur Township Schools. Home has newer siding, windows roof and a garage. All new carpet, paint and cosmetic improvements make this one desirable as potential home for a tenant to buy from owner down the road!

Disclaimer: Buyer is advised that all information contained above has been obtained from sources deemed reliable but is not guaranteed and buyer further agrees to take full responsibility in satisfying themselves as to the accuracy. The authors cannot be held
 
905 Woodrow Avenue, Indianapolis IN 46241
3 Bedrooms, 2 Bathrooms
Purchase Price $61,833.00
Closing Costs $2,500.00
25% Down $15,458.25
Appraised Value $78,000.00
Financed Amount $48,874.80
Avg. Rental $785.00
Prin & Int. @ $299.34
PM Fee 10% $78.50
Tax & Ins. $194.08
Net Cash Flow $213.08
Tenant with 12 month lease, signed August 7th; 3 bedroom 2 bath with a bonus room… was made handicap accessible in 2005 including entry ramp and main bath acommodations. Additional improvements in 2005 include: newer furnace, a/c (including duct work), H2O heater, roof, 200 amp electrical, replacement windows, plumbing (pipes & fixtures), entry doors, major appliances, laminated and vinyl floor coverings, dry wall, tiled bathroom. 2-1/2 car garage and fenced yard too!!
 
430 N. Moreland Ave, Indianapolis IN 46203
3 Bedrooms, 2 Bathrooms
Purchase Price $44,500.00
Closing Costs $2,500.00
25% Down $11,125.00
Appraised Value $57,000.00
Financed Amount $35,875.00
Avg. Rental $650.00
Prin & Int. @ $219.72
PM Fee 10% $65.00
Tax & Ins. $123.17
Net Cash Flow $242.11
This home on the South side of Indianapolis is located on a quiet working-class street. 3 bedrooms 2 baths with detached garage. Home is in excellent condition. Rent = $650/mo. New lease, well qualified tenant. New siding, windows, paint, bath and more.
 
1305 Waldemere Ave, Indianapolis IN 46241
4 Bedrooms, 2 Bathrooms
Purchase Price $67,500.00
Closing Costs $2,500.00
25% Down $16,875.00
Appraised Value $75,000.00
Financed Amount $53,125.00
Avg. Rental $750.00
Prin & Int. @ $325.37
PM Fee 10% $75.00
Tax & Ins. $121.67
Net Cash Flow $227.96
West side South of Washington Street….desirable racially diverse area…two story home with garage. Master bedroom is on main floor.
 
129 N. LINWOOD AVE, Indianapolis IN 46201
4 Bedrooms, 2 Bathrooms
Purchase Price $52,000.00
Closing Costs $2,500.00
25% Down $13,000.00
Appraised Value $60,000.00
Financed Amount $40,875.00
Avg. Rental $750.00
Prin & Int. @ $250.35
PM Fee 10% $75.00
Tax & Ins. $199.00
Net Cash Flow $225.65
CASH ON CASH RETURN 16.6%
 
730-732 E. Perry Street, Indianapolis IN 46227
2 Bedrooms, 1 Bathroom
Purchase Price $57,705.00
Closing Costs $2,500.00
25% Down $14,426.25
Appraised Value $80,000.00
Financed Amount $45,778.80
Avg. Rental $900.00
Prin & Int. @ $280.38
PM Fee 10% $90.00
Tax & Ins. $210.83
Net Cash Flow $318.79
September 1st tenant approved and pending; both side recently rehabbed with central a/c in quiet south side neighborhood… brick siding will be in good shape long term...
 
3120 S. Shortridge Road, Indianapolis IN 46239
2 Bedrooms, 1 Bathroom
Purchase Price $78,790.00
Closing Costs $2,500.00
25% Down $19,697.50
Appraised Value $110,000.00
Financed Amount $61,592.50
Avg. Rental $1,100.00
Prin & Int. @ $2,500.00
PM Fee 10% $110.00
Tax & Ins. $284.50
Net Cash Flow $316.19
Quiet semi-rural residential area, half acre lot, brick siding, newer roof, heating and cooling… 2 bed 1 bath on one side and 1 bed 1bath on the other.
 
2245 W. Mayfair Drive, Indianapolis IN 46260
2 Bedrooms, 1 Bathroom
Purchase Price $69,500.00
Closing Costs $2,500.00
25% Down $17,375.00
Appraised Value $75,000.00
Financed Amount $54,625.00
Avg. Rental $800.00
Prin & Int. @ $345.27
PM Fee 10% $80.00
Tax & Ins. $195.00
Net Cash Flow $179.73
Located in a quiet neighborhood in the BEST school district in Indianapolis Metro Area (Washington Township Schools)… this home is nicely situated on a .42 acre lot. Recent upgrades include new vinyl windows, vinyl siding, new roof and upgraded mechanicals.
 
1632 SPANN AVE, Indianapolis IN 46203
3 Bedrooms, 1 Bathroom
Purchase Price $37,000.00
Closing Costs $2,500.00
25% Down $9,250.00
Appraised Value $60,000.00
Financed Amount $0.00
Avg. Rental $500.00
Prin & Int. @ $0.00
PM Fee 10% $50.00
Tax & Ins. $185.00
Net Cash Flow $265.00
TENANT IN PLACE NOW (BEEN THERE FOR YEARS)
 
4014 THRUSH, Indianapolis IN 46222
3 Bedrooms, 1 Bathroom
Purchase Price $67,500.00
Closing Costs $2,500.00
25% Down $16,875.00
Appraised Value $80,000.00
Financed Amount $52,500.00
Avg. Rental $750.00
Prin & Int. @ $321.55
PM Fee 10% $75.00
Tax & Ins. $167.84
Net Cash Flow $185.61
CASH ON CASH RETURN 13.1 %
 
1637 E. SOUTHERN AVE, Indianapolis IN 46203
3 Bedrooms, 1 Bathroom
Purchase Price $46,321.20
Closing Costs $2,500.00
25% Down $11,580.30
Appraised Value $65,000.00
Financed Amount $37,240.90
Avg. Rental $650.00
Prin & Int. @ $228.09
PM Fee 10% $65.00
Tax & Ins. $172.91
Net Cash Flow $37,240.90
CASH ON CASH RETURN 19.0%
 
337 S. Taft, Indianapolis IN 46241
3 Bedrooms, 1 Bathroom
Purchase Price $62,400.00
Closing Costs $2,500.00
25% Down $15,600.00
Appraised Value $65,000.00
Financed Amount $48,675.00
Avg. Rental $725.00
Prin & Int. @ $298.12
PM Fee 10% $72.50
Tax & Ins. $159.00
Net Cash Flow $195.38
Fenced yard with deck, good sized bonus room, 3 bedrooms 1 bath… laminate floors.
 
24 N. Kenmore Road, Indianapolis IN 46219
3 Bedrooms, 1 Bathroom
Purchase Price $65,831.00
Closing Costs $2,500.00
25% Down $16,457.75
Appraised Value $78,000.00
Financed Amount $49,373.20
Avg. Rental $750.00
Prin & Int. @ $302.40
PM Fee 10% $75.00
Tax & Ins. $159.00
Net Cash Flow $213.60
CASH ON CASH RETURN 15.5%

RENTED AND TENANT MOVING IN.
 
3415 N. Taft, Indianapolis IN 46222
3 Bedrooms, 1 Bathroom
Purchase Price $62,125.00
Closing Costs $2,500.00
25% Down $15,531.25
Appraised Value $77,000.00
Financed Amount $46,593.80
Avg. Rental $750.00
Prin & Int. @ $275.90
PM Fee 10% $75.00
Tax & Ins. $150.00
Net Cash Flow $249.10
CASH ON CASH RETURN 15.0%
 
4610 Hillside Ave, Indianapolis IN 46205
3 Bedrooms, 1 Bathroom
Purchase Price $56,365.00
Closing Costs $2,500.00
25% Down $14,091.25
Appraised Value $68,000.00
Financed Amount $42,274.00
Avg. Rental $675.00
Prin & Int. @ $260.00
PM Fee 10% $67.50
Tax & Ins. $160.00
Net Cash Flow $187.50
$25,726.00 IMMEDIATE EQUITY UPON CLOSING.
 
7251-7253 Faris Street, Indianapolis IN 46226
3 Bedrooms, 1 Bathroom on each side
Purchase Price $72,521.00
Closing Costs $2,500.00
25% Down $18,130.25
Appraised Value $85,000.00
Financed Amount $56,265.80
Avg. Rental $900.00
Prin & Int. @ $344.61
PM Fee 10% $90.00
Tax & Ins. $132.66
Net Cash Flow $332.73
$28,734.25 IMMEDIATE EQUITY UPON CLOSING.
 
3660 N. Lynwood Ave, Indianapolis IN 46218
3 Bedrooms, 1 Bathroom
Purchase Price $47,000.00
Closing Costs $2,500.00
25% Down $11,750.00
Appraised Value $58,000.00
Financed Amount $35,250.00
Avg. Rental $731.00
Prin & Int. @ $215.90
PM Fee 10% $73.10
Tax & Ins. $120.25
Net Cash Flow $321.75
$22,750.00 IMMEDIATE EQUITY UPON CLOSING.
 
3120 South Shortridge Road, Indianapolis IN 46239
2 Bedrooms, 1 Bathroom on each side
Purchase Price $76,290.00
Closing Costs $0.00
25% Down $19,072.50
Appraised Value $110,000.00
Financed Amount $57,217.50
Avg. Rental $1,100.00
Prin & Int. @ $361.65
PM Fee 10% $110.00
Tax & Ins. $284.50
Net Cash Flow $343.85
 
914 North Tremont Street, Indianapolis IN 46222
2 Bedrooms, 1 Bathroom
Purchase Price $40,915.00
Closing Costs $0.00
25% Down $10,228.75
Appraised Value $59,000.00
Financed Amount $30,686.20
Avg. Rental $595.00
Prin & Int. @ $187.94
PM Fee 10% $59.50
Tax & Ins. $120.25
Net Cash Flow $227.31
 
5632 Regency Drive, Indianapolis IN 46222
3 Bedrooms, 1 Bathroom
Purchase Price $52,133.00
Closing Costs $0.00
25% Down $13,033.25
Appraised Value $80,000.00
Financed Amount $30,099.80
Avg. Rental $750.00
Prin & Int. @ $247.14
PM Fee 10% $75.00
Tax & Ins. $104.00
Net Cash Flow $323.86
 
425 N. Exeter Ave, Indianapolis IN 46222
2 Bedrooms, 2 Bathrooms
Purchase Price $43,000.00
Closing Costs $2,500.00
25% Down $10,750.00
Appraised Value $50,000.00
Financed Amount $32,250.00
Avg. Rental $550.00
Prin & Int. @ $197.52
PM Fee 10% $55.00
Tax & Ins. $170.00
Net Cash Flow $127.48
Desirable rental neighborhood close to Indianapolis 500 Speedway…..long term tenants pay $75 below fair market rent. Should experience strong appreciate in fair market value as Speedway revitalization project begins in 2010.

Lending currently requires 25% down on investment properties which is reflected in our worksheet estimations.

IHG'S CONSULTING FEE IS $5,000.00.
 
420 North Berwick Avenue, Indianapolis IN 46222
3 Bedrooms, 1.5 Bathrooms
Purchase Price $43,000.00
Closing Costs $2,500.00
25% Down $10,750.00
Appraised Value $65,000.00
Financed Amount $32,250.00
Avg. Rental $675.00
Prin & Int. @ $197.52
PM Fee 10% $67.50
Tax & Ins. $159.00
Net Cash Flow $250.98
3 bedroom 1.5 bath with garage… neighborhood is very easy to rent…working class demographic ensures stability and 10% vacancy rate.
 
2049 N. Leslie Ave, Indianapolis IN 46218
2 Bedrooms, 1 Bathroom
Purchase Price $51,500.00
Closing Costs $2,500.00
25% Down $12,875.00
Appraised Value $68,000.00
Financed Amount $38,625.00
Avg. Rental $625.00
Prin & Int. @ $244.14
PM Fee 10% $62.50
Tax & Ins. $195.42
Net Cash Flow $122.94
Property rented and performing

IHG CHARGES A 5,000.00 CONSULTING FEE

(NOT CALCULATED IN THE WORKSHEET)

ANNUAL CASH ON CASH RETURN 17.9%

3 bedrooms 1.5 baths on a half acre lot… huge detached garage… quiet working class street in a diverse neighborhood. Long-term tenants have below fair market rent amount; just signed one year lease with previous owner. Once rents adjust to fair market ($750) cash flow will increase to $160/month.