1119 N Centennial St-Indianapolis-46222, Marion

1119 N Centennial St

Indianapolis, IN 46222

2 bd, 1 ba | 1,148 sqft | Built in 1908

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List Price

$99,999

$9K

Initial Investment

$27,250

Purchase Price

$99,999

Down Payment

25%

Rent

$940

Total Return

$59,647

Annualized Return

27.2%

Cap Rate

6.9%

Gross Yield

11.3%

Cash Flow

$921

Appreciation

9.2%

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Features

Occupancy

Unspecified

Lease Start

Lease End

Lot Size

3,877

HOA

None

Flood Risk

Not Required

No HOA! It is a perfect location close to I-70 and a quick trip to downtown. With a bit of TLC, this home could be a charmer. This listing has two parcels totaling .18 acres with this two-bedroom, single-bath home. A new roof was installed on April 14th, and currently, it has an AC unit only a year old and a new water heater. Home sold as-is, where is. Grill on the porch, to stay.

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Paul Linn

Best Life Realty Group

IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$10,716

Expenses

-$2,259

Property Taxes

-$2,100

Loan Payments

-$5,436

Net Cash Flow

$921

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.

You can contact your Agent with questions even before making an offer.
A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Michael Price
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SourceMIBOR REALTOR® Association
MLS #21970639
Last Updated: 04/28/2024 16:04

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