502 W. 2nd Street Marion, IN
ROI 23%. This property will pay for itself in 53 months! Older plumbing, older electrical, roof, foundation and porch need attention. The inside is in much better shape than outside. This does have a 1 car garage. This easily has potential as a 5/2. Avg rent potential as 5/2 $1,288.
Purchase Price $17.5k
Reno Costs $45k
Monthly Rent $1288
Monthly Taxes and Insurance: $100
Net Monthly Rent $1188
Yearly Net Profit 14,256k
Yearly Net Profit $14,256k divided by Total Investment (Purchase Price + Reno Costs) $62.5k = 23% ROI
Click here for additional photos: Pics 502 W 2nd Street Marion, IN – Google Drive
This is available as a single purchase or get a discount by buying a portfolio with ROI of 22% for entire package!
Why Marion?
Marion is one of the best cities for rentals in Indiana. There is a high demand and the supply is low, As the city grows, the demand gets even greater! The Mayor is focusing on creating a city that attracts new families and retains those currently living in this small town which is conveniently located between Indianapolis and Fort Wayne. GM has committed to $481 million dollars to help grow commerce and increase jobs. Get in while the getting is good and before the secret is out!
ADDITIONAL MARION PROPERTIES AVAILABLE
1905 S Adams Street Marion, IN 46953, SFH 20% ROI
1810 W. Nelson Street Marion, IN 46952, SFH 20% ROI
1640 W. 4th Street Marion, IN 46952, SFH 23% ROI
204 S. Race Street Marion, IN 46952, Quad 23% ROI
648 Calhoun Street Wabash, IN 46992, SFH 21% ROI
Please call, text, or email Lisa for additional info.