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Cumberland 2BR Bungalow

Property Type: Residential Income - House(s)

Last Updated: 7/22/2010 12:05:49 AM EST
Property # 29545

Location:

Cumberland (Indianapolis), Indiana 46229 USA

View Address On Mapquest

Value:
Loans:
Equity:

$30,000
$20,500
$9,500

Property Description:
Cozy bungalow in popular Old Cumberland, needs about $8,000 in rrehab to make it worth $60,000. 2 car attached garage, plus older detached garage with no roof! Needs paint, carpet, HWH. Appraisal pend
Benefits to New Owner:
Great upside with rehab or good rental cash flow. Great location. Easy walk to Cumberland Business District.

Unit Mix

# Units	1	Bed/Bath	2/1	Approx. Sq. Ft.	1233	Avg. Rent/mo.	$595
TOTALS	1

Annual Income & Expense
	Per/Year	% of G.I.	Projected/Year
Gross Schedule Income	$0	0%	$7,200
Less Vacancy (-)	$0	0%	$720
Other Income (+)	$0	0%
Gross Operating Income	$0	100%	$6,480
Operating Expenses (-)	$0	0%	$1,000
Net Operating Income (=)	$0	0%	$5,480
Loan Payments (-)	$0	0%
CASH FLOW (=)	$0	0%	$5,480
Capitalization Rate	0.00%		18.27%
Lot Size	64 X 160
Zoning	D-5 Residential
Yr. Built	1890

Additional Income & Expense Comments

Current taxes $250/half, Ins est $500/yr/. Should rent for $600/mo

Loans

	Balance	Mo. Payment	% Rate	Year Due	Lender	Assumable
Loan #1:	$20,500	$0	0	2010	Private	NO
TOTALS	$20,500	$0

Loan Comments

Loan shown is cash needed to close with HUD

Additional Information Available Upon Request

No Appraisal available at this time

Maps: Area & Plat
Title Report
Photographs

Can Adds

	Property Type	Value	Loans	Equity	Cash Flow (Yr.)
1	Residential Income/House(s)	$27,000	$17,000	$10,000	$0
	CAN-ADD TOTALS	$27,000	$17,000	$10,000	$0

Can Adds Comments

3br 2 bath @ 1912 N. Bosart, neeeding rehab.

Click to view Other parties that may want what you have based on a computer match from the property records data

Owner's Profile
Occupation House Recycler Name Please Sign In or Register to view owner information.
Why Owner No Longer Wishes to Own This Property
Want to take profit and move on

Owner Comments and Benefits desired from Exchange

Cash for next deal.

Will Consider Exchanging For

Commercial: Factory Outlet, Mall, Medical, Office, Resort, Retail, Shopping Center, Strip Center, Vacant, Other
Industrial: Manufacturing, Mini Storage, R & D, Vacant, Warehouse, Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Personal Property: Cash, Notes / Paper
Services Offered: Management

U.S. Locations
Map
States/Regions:

Regions: 'MIDWEST', 'SOUTHEAST'

Owner Will Exchange for Additional Comments
Must Have Enough Cash To Close, Balance Is Flexible.

Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.