1 (855) 239-3652
Exclusive Listing Indianapolis, IN 46218
  • 2 Beds
  • 1 Baths
  • 657 Sq. Ft
  • Built In 1947
Active
$35,000
Current Rent
$550 /mo
  • Currently Cash-Flowing
  • • Institutionally Renovated and Maintained
  • • Professionally Screened Tenant

Financial Performance

Gross Yield

18.86%

based on an annual rent of $6,600.00 divided by the offer price of $35,000.00.

Net Yield

11.76%

based on a yearly adjusted income of $6,375.60 minus the total annual expense of $2,261.03 divided by the offer price of $35,000.00.

Cash Flow

$4,115

based on a yearly adjusted income of $6,375.60 minus the total annual expense of $2,261.03 and yearly mortgage expense.

Home Details

2 bedroom, 1 bathroom single family property, 657 sqft built in 1947. Current lease at $550 expires on 07/28/2017. 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, curb offers only, do not disturb tenants. Offers must be submitted directly to InvestabilityOffers@altisource.com. This is part of a bulk sale of a Seasoned, Performing, SFR Income-producing portfolio(s). Additional information can be obtained by calling 855-239-3652.
Features

  • listed date Listed Date: March 10, 2017
  • year built Year built: 1947
  • square footage SqFt: 657
  • price per square foot Price/SqFt: 53
  • bedrooms Bed: 2
  • bathrooms Bath: 1
  • property type Type:   Single Family
  • county County: Marion
  • Listing ID: 21473015
Exclusive Listing Indianapolis, IN 46218
  • 2 Beds
  • 1 Baths
  • 657 Sq. Ft
  • Built In 1947
Active
$35,000
Current Rent
$550 /mo

1/5
  • Currently Cash-Flowing
  • • Institutionally Renovated and Maintained
  • • Professionally Screened Tenant
Gross Yield

18.86%

based on an annual rent of $6,600.00 divided by the offer price of $35,000.00.

Net Yield

11.76%

based on a yearly adjusted income of $6,375.60 minus the total annual expense of $2,261.03 divided by the offer price of $35,000.00.

Cash Flow

$4,115

based on a yearly adjusted income of $6,375.60 minus the total annual expense of $2,261.03 and yearly mortgage expense.

Home Details

2 bedroom, 1 bathroom single family property, 657 sqft built in 1947. Current lease at $550 expires on 07/28/2017. 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, curb offers only, do not disturb tenants. Offers must be submitted directly to InvestabilityOffers@altisource.com. This is part of a bulk sale of a Seasoned, Performing, SFR Income-producing portfolio(s). Additional information can be obtained by calling 855-239-3652.
Features

  • listed date Listed Date: March 10, 2017
  • property type Type:   Single Family
  • year built Year built: 1947
  • square footage SqFt: 657
  • price per square foot Price/SqFt: 53
  • bedrooms Bed: 2
  • bathrooms Bath: 1
  • county County: Marion
  • Listing ID: 21473015
Documents

Rental Benchmarks

Rental benchmarks are an examination of all rental prices within a 1 mi radius of this property.

Current Rent $550/mo
Current Rent $550/mo
VS
1 mi Radius $600/mo
Zip Code Median $681/mo
Section 8 $850/mo
Powered by The Most Trusted name in Rental Data

Rental Comparables

* All homes are Single Family homes with 2 Bedrooms

ADDRESS SQFT DIST RENT
A: 3017 Stuart St Indianapolis IN 46218 800 0.06 $550
B: 2522 Adams St Indianapolis IN 46218 800 0.43 $525
C: 2319 N Rural St Indianapolis IN 46218 984 0.82 $525
D: 3738 N Olney St Indianapolis IN 46218 912 0.98 $525
E: 2830 N Olney St Indianapolis IN 46218 720 0.2 $500
View more comparables >
F: 2932 N Lasalle St Indianapolis IN 46218 1,032 0.17 $500
G: 3002 N Temple Ave Indianapolis IN 46218 727 0.62 $550
H: 2721 N Keystone Ave Indianapolis IN 46218 672 0.76 $550
I: 2826 N Olney St Indianapolis IN 46218 900 0.2 $600
J: 3324 N Denny St Indianapolis IN 46218 920 0.51 $494

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