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931 Lynn St, Indianapolis, IN 46222






 
 
Property Details
Asking Price $30,500.00Property Type Single Family Home
Beds2Sq. Footage
Baths1Lot Size
 
Property Description
* Appraised Value: $54,000.00
* Our Price: $30,500.00, undervalued by $23,500
* Monthly rent: $500.00
* Increased net worth: $42,454
* Cash-on-cash Return: 42.49 percent
* Net Cash flow $216.00

Numbers don't lie 50 percent cash on cash return. Fully-remodeled 2 bedroom, 1 bath single family home. Completely rehabbed and rent guaranteed for 12 months.

This home is currently rented for $500 per month escalating to $520, with a two-year lease in place.

This house is complete. New siding, new windows, new furnace, water heater, kitchen, bath, carpet, paint, central air, electric and plumbing upgrades.

Lowest comparable sale for a fixed up property in the zip code: $54K. Market value $50K-$60K.

Increase your net worth by $44K, cover your down payment in 2 years and keep the cash flow of more than $300 per month afterward.
 
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