OFF MARKET BUY AND HOLD OPPORTUNITY 

25 mi from downtown Indianapolis, IN 

10057 N 50 W Fortville, Indiana 46040

Property Info: 

• Manufactured Home 
• 3 beds 
• 2 baths 
• 1,431 sq ft 
• 1 acre lot 
• Built in 1994 
• Central A/C

Rehab Info: 

• One bathroom has been completely remodeled 
• Garage door needs repair
• Overall cosmetic updates needed 
• Estimated $30,000 - $40,000 

From what we see in the area, similar size homes are renting between $1,600 - $1,700/mo after the above repairs are made. 

Purchase: $120,000 

Rehab: $30,000 

Total investment: $150,000 

Rent: $1,600 

Exp: $160 (10%)

Management: $160 (10%)

Vacancy: $80 (5%)

Taxes/Ins: $125/mo ($680 annual tax + $800 annual insurance) 

Monthly Cash Flow: $1,075 

Cap Rate: 10.8% 

Annual ROI: 8.5% 

**IF self managed: 

Monthly Cash Flow: $1,236.66

Cap Rate: 12.4%

Annual ROI: 9.8%