39 N 18th Ave, Beech Grove, IN 46107Turn-Key Rental in Beech Grove ~ 2 monthly security deposit and $950 per Month (2 year lease)

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)

Active and Sold Comps in Area

Tax Report

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%