1640 W. 4th Street Marion, IN
ROI 23%. This property will pay for itself in 53 months! This could be a 3/2, 4/2, or a 5/1. There was an attic fire. This has old electric and no plumbing. Avg rent potential as 5/1 $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
This is available as a single purchase or get a discount for buying a portfolio with ROI of 22% for the 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 21% ROI
502 W. 2nd Street Marion, IN 46952, SFH 24% ROI
204 S. Race Street Marion, IN 46952, Quad 21% ROI 648 Calhoun Street Wabash, IN 46992, SFH 20% ROI
Please call, text, or email Lisa for additional info.