$ 41,500.00

  • Bedrooms: 4
  • Bathrooms: 2
  • Area: 1688 sq ft
  • Lot size: 4356 sq ft
  • Year built: 1880

Description

Spacious Colonial home in Decatur, Indiana that needs some fixing up but, is a great opportunity for a first time buyer or experienced investor.

316 Jackson St, Decatur, IN 46733

4 Beds / 2 Bath  1,688 square feet

Cash Price:  $41,500 or best offer

Average Rents in Area:  $1,100

Fix up and make a rental:

$41,500 purchase price

$500 closing costs

$18,000 estimated repairs

Total Invested:  $60,000

Gross Annual Rent:  $14,400

Insurance Cost $1000 yr

Property Tax Cost $1000 yr

Mgmnt Co: $1320

Vacancy:  $1320

Repairs / Maintenance:  $1320

NOI:  15%

 

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