Indiana Single Family House Profile

March 18, 2013

Returned from a trip to Indiana.  I looked at a bunch of properties, and ended up making offers on three single family houses.  I liked this one the best:

front

It is a cute 2+ 1, 1,041 sq ft, with a large backyard.  It was remodeled in 2010 with new windows, a new roof, remodeled bath, and more. It is a short sale that was drastically reduced to $25,000.  I offered full price for it, and the offer is now with the bank for approval.

A little house like this will rent for $695 a month. After all expenses, net profit per month should be around $475.  This is a 23.5% return.  I like it!

 

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