Six PreSale Townhomes – Great Investment Opportunity

Asking $ 272,500
  • 10 units available to investors – 6 now and 4 later (price may increase later). 38 units are already sold & occupied.
  • There will be 70 units.
  • A $10,000 deposit will secure the property and there will be no price increases.
  • Closing will occur in December & January.
  • Shelbyville is the beneficiary of the area-wide population growth and real estate appreciation.
  • Thousands relocating here driving rental demand and prices higher.
  • There are few new homes in this rent & price range in this area making this a great investment & leasing opportunity.
  • With the median income levels and higher interest rates, fewer people can buy but must rent.
  • Photos are of sold units. Inside are granite countertops & backsplash, carpeted bedrooms & stairs, laminate living areas & baths, refrigerators with ice-makers, and white & grey cabinets.
  • Updated On:
  • January 24, 2024
Property Id : 59461
Price: Asking $ 272,500
Property Size: 1,681.00 ft2
Property Lot Size: 1,681.00 ft2
Rooms: 7
Bedrooms: 3
Bathrooms: 2
Year Built: 2023
Garage: Attached
Garage Size: 2
Rent (mo): 2050
ROI (ann): 16.1
Cashflow (mo): 44
Property Taxes (mo): 200
Insurance (mo): 100
Repairs (mo): 75
Management Fee (mo): 160
Leasing Fee (ann): 500
HOA (mo): 185
Vacancy Rate (ann): 4
$ 1,632.41
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,291.79

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Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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