3313 Jay Dr

Anderson, IN 46012
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3 bd, 2 ba | 1,383 sqft | Built in 1961

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,300

Total Return

$90,484

Annualized Return

22.4%

Cap Rate

5.2%

Gross Yield

8.4%

Cash Flow

-$1,076

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

42,210

HOA

None

Flood Risk

Not Required

Here's a 3 bedroom, 2 bath ranch located on the North side of Anderson. Situated on a quiet dead end street, this home has a country feel with city convenience. Other features include an all brick exterior, covered porch and large rear patio. Inside you'll find beautiful hardwood floors in the living room and bedrooms. Kitchen appliances are also included. Huge home site is just under 1 acre with an enormous rear yard for all kinds of outdoor activities. Overall, this would be a great place to make your next home!

See more in Analysis
Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$2,638

Property Taxes

-$3,200

Loan Payments

-$10,058

Net Cash Flow

-$1,076

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

Why choose?
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:Greg Risse
Agent License RB14010584
Joe Risse Realty INC
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21948970
Last Updated: 04/23/2024 13:04
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