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  Indianapolis, IN 46239
  • 3 Beds
  • 2.5 Baths
  • 2,510 Sq. Ft
  • Built In 2005
Sold
$127,900
Provided Rent
$1,260 /mo

Financial Performance

Gross Yield

11.82%

based on an annual rent of $15,120.00 divided by the offer price of $127,900.00.

Net Yield

6.45%

based on a yearly adjusted income of $13,910.40 minus the total annual expense of $5,667.07 divided by the offer price of $127,900.00.

Cash Flow

$8,243

based on a yearly adjusted income of $13,910.40 minus the total annual expense of $5,667.07 and yearly mortgage expense.

Home Details

RECENT PRICE REDUCTION!!! This 3 bed /2.5 bath home was recently renovated and offers nearly 2510 sf of finished living area on a 5663 sf lot. This home offers a quality residence rarely seen at this price point. It is also perfectly suited as a long-term investment property with market rents supporting attractive gross yields. If you a looking for a property with cash flow potential, this is it! Act fast before it is off the market. Some other notable highlights to consider: this property is located 8 miles from City Market, Indianapolis and has been recently renovated. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein. Cash or Cash equivalent offer preferred. Schedule showing by visiting Showings.com or calling 317-955-5555. Offers and inquiries must be submitted directly to InvestabilityOffers@altisource.com. Additional information can be obtained by calling 855-239-3652.
Features

  • listed date Listed Date: July 7, 2016
  • year built Year built: 2005
  • square footage SqFt: 2,510
  • price per square foot Price/SqFt: $51
  • bedrooms Bed: 3
  • bathrooms Bath: 2.5
  • property type Type:   Single Family
  • county County: Marion
  • Listing ID: 21429590
  Indianapolis, IN 46239
  • 3 Beds
  • 2.5 Baths
  • 2,510 Sq. Ft
  • Built In 2005
Sold
$127,900
Provided Rent
$1,260 /mo

Gross Yield

11.82%

based on an annual rent of $15,120.00 divided by the offer price of $127,900.00.

Net Yield

6.45%

based on a yearly adjusted income of $13,910.40 minus the total annual expense of $5,667.07 divided by the offer price of $127,900.00.

Cash Flow

$8,243

based on a yearly adjusted income of $13,910.40 minus the total annual expense of $5,667.07 and yearly mortgage expense.

Home Details

RECENT PRICE REDUCTION!!! This 3 bed /2.5 bath home was recently renovated and offers nearly 2510 sf of finished living area on a 5663 sf lot. This home offers a quality residence rarely seen at this price point. It is also perfectly suited as a long-term investment property with market rents supporting attractive gross yields. If you a looking for a property with cash flow potential, this is it! Act fast before it is off the market. Some other notable highlights to consider: this property is located 8 miles from City Market, Indianapolis and has been recently renovated. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein. Cash or Cash equivalent offer preferred. Schedule showing by visiting Showings.com or calling 317-955-5555. Offers and inquiries must be submitted directly to InvestabilityOffers@altisource.com. Additional information can be obtained by calling 855-239-3652.
Features

  • listed date Listed Date: July 7, 2016
  • property type Type:   Single Family
  • year built Year built: 2005
  • square footage SqFt: 2,510
  • price per square foot Price/SqFt: $51
  • bedrooms Bed: 3
  • bathrooms Bath: 2.5
  • county County: Marion
  • Listing ID: 21429590
Documents

Rental Benchmark

Rental benchmark is an examination of all rental prices within a 0.5 mi radius of this property.

Provided Rent $1,260/mo
Provided Rent $1,260/mo
VS
0.5 mi Radius $1,195/mo
Zip Code Median $1,153/mo
Section 8 $1,140/mo
Powered by The Most Trusted name in Rental Data

Rental Comparables

* All homes are Single Family homes with 3 Bedrooms

ADDRESS SQFT DIST RENT
A: 2861 Wolfgang Dr Indianapolis IN 46239 0.17 $1,275
B: 7835 Wolfgang Pl Indianapolis IN 46239 2,375 0.09 $1,250
C: 7846 Amadeus Dr Indianapolis IN 46239 1,792 0.08 $1,250
D: 2860 Mozart Way Indianapolis IN 46239 1,525 0.03 $1,145
E: 8045 Bach Dr Indianapolis IN 46239 1,785 0.19 $1,250
View more comparables >
F: 2826 Ludwig Dr Indianapolis IN 46239 1,792 0.07 $1,195
G: 8025 Cole Wood Blvd Indianapolis IN 46239 2,408 0.46 $1,299
H: 2831 Beethoven Ave Indianapolis IN 46239 2,035 0.08 $1,175
I: 7752 Brandenburg Way Indianapolis IN 46239 1,909 0.43 $1,250
J: 7739 Amadeus Dr Indianapolis IN 46239 2,030 0.2 $1,200