Small Portfolio Investment Opportunity!
4 Properties for a low cash price of 170k. That’s 42,500 per property. Average rent is 690/month.
This 4 house portfolio produces a strong 10% cap rate. All properties are currently rented and cash flowing. All 4 are in different stages of lease. Some just moved in, others have been there for a while and 1 house is on month to month. There is NOT deferred maintenance on these homes. All were extensively rehabbed at the end of 2012 and have been kept up on meticulously by local landlord AND FS Houses’ property management team.
Attached you will find projections for the portfolio as a whole and individual projections for each of the properties. All projections are just estimates, figures and returns vary.
FS – Cash Cow – Portfolio Projections
Little Flower – 1326 Chester
Christian Park – 3936 Fletcher
Bosart Brown – 321 Wallace
West Side – 1401 Phillips
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Property # 1.
1326 Chester Indianapolis IN 46201
Purchase price: $42,500
Rent: $650 / month
Taxes: $95 / month
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Property # 2.
3936 Fletcher Indianapolis IN
Purchase price: $42,500
Rent: $675
Taxes: $71
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Property # 3.
321 Wallace Indianapolis IN
Purchase price: $42,500
Rent: $750
Taxes: $88
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Property # 4.
1401 Philips Indianapolis IN
Purchase price: $42,500
Rent: $695
Taxes: $28
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