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Posted: Wednesday, June 7, 2017 9:25 PM

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518 N 3rd St. Boonville, IN 47601

Price $24,900

Bedrooms: 3
Baths: 1
Occupancy: vacant
Layout: single
Sq Footage: 1,197
Acres: 0.24
Water: city
Sewer: city
AC: central air
Heater: forced air, gas

Located in Boonville, IN this 1,197 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details.

Repairs/Updates needed: paint, carpet, kitchen, other interior cosmetic updating

Call me to visit my house at (215) 315-3839

If you are a real estate investor looking to buy and hold this property then below is some analysis:

Purchase Price: $ 24,900
Estimated Repairs to get highest rents: $18,000
Reinstatement Costs: $0
Transfer Tax: $0
Closing Costs (sale): $498
Buyer's initial investment: $43,398

+ Monthly Rental Income: $750
- Vacancy Reserve: $75
- Monthly Real Estate Taxes: $44
- HOA Fees: $0
- Insurance: $67
- Property Management: $0
- Utilities: $0
- Reserves for Future Repairs: $75
= Net Monthly Operating Income: $489

Your Annual cash return: 13.5%


After Repair Value: $70,000

Call me to visit my house: 215-315-3839

Bedrooms: 3

• Location: Boonville, IN, Evansville

• Post ID: 25519633 evansville
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