$59,500 Tenanted Idianapolis duplex producing 21.55% net yield

1757 Howard Street, Indianapolis is a spacious detached property constructed in 1920. It is arranged as 2 self contained apartments totalling 6 bedrooms and 3 bathrooms. It has been refurbished thoroughly including new windows. New tenants have been approved for both units and are moving in very shortly. Unlike many of our competitors, we take into acount all closing and ongoing costs to give you a genuine net yield! KEY FIGURES: Purchase Price:  $59,500 Buying Costs:  …

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1757 Howard Street, Indianapolis is a spacious detached property constructed in 1920. It is arranged as 2 self contained apartments totalling 6 bedrooms and 3 bathrooms. It has been refurbished thoroughly including new windows. New tenants have been approved for both units and are moving in very shortly.

Unlike many of our competitors, we take into acount all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price:  $59,500

Buying Costs:   $2,500

TOTAL OUTLAY:  $62,000

 RENTAL INCOME:  $16,200 per annum

 OUTGOINGS:

 Taxes:             $736

Insurance:        $480

Management:  $1,620

 

TOTAL OUTGOINGS:  $2,836

NET INCOME:   $13,364

THE NET YIELD IS THEREFORE A FANTASTIC 21.55%.

For further information or to reserve this property, please complete the enquiry form as soon as possible.