$ 20,000.00

  • Year built: 1900
  • Lot size: 5749 sq ft
  • Area: 750 sq ft
  • Bathrooms: 1
  • Bedrooms: 2
  • Owner Financing Available : Yes


This country home is offered at a Great price and is ready for some updates. Home features 2 bedrooms and 1 bath; was built in 1900, and would require your custom designs. Schedule your visit and make an offer.

307 East Central Avenue Spiceland IN 47385

2 Beds / 1 Bath  750 square feet

Cash Price:  $20,00 or best offer

Financing Available:  $2000 down,  550 month

Average Rents in Area:  $700

Fix up and make a rental:

$20,000 purchase price

$1,000 closing costs

$10,000 estimated repairs

Total Invested:  $40,450

Gross Annual Rent:  $8,400

Insurance Cost $700 yr

Property Tax Cost $754 yr

Mgmnt Co: $840

Vacancy:  $840

Repairs / Maintenance:  $840

NOI:  15.73%

Key Words:  Fixer upper, Needs work, TLC, Handyman Special, Bank Owned, REO, Auction, Must Sell, Motivated, Estate Sale, Equity, As-Is, Owner Financing, Seller Financing, Seller Carry, Lease Option, Rent to own

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