509 Ann St

Lebanon, IN 46052
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3 bd, 1 ba | 1,858 sqft | Built in 1942

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List Price
$195,000

Initial Investment

$53,138

Purchase Price

$195,000

Down Payment

25%

Rent

$1,610

Total Return

$141,139

Annualized Return

30.6%

Cap Rate

6.6%

Gross Yield

9.9%

Cash Flow

$1,439

Appreciation

11.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,973

HOA

None

Flood Risk

High Risk - Zone AE

Welcome to your new sanctuary! This charming property offers a delightful mix of comfort and functionality, boasting: 3 Bedrooms: Including a unique layout with 1 bedroom upstairs, complete with extra storage space and a huge closet. Perfect for added privacy or as a spacious master retreat. 1 Bathroom: Thoughtfully designed for convenience and comfort. Hardwood Floors: Timeless elegance underfoot, enhancing the character of the home. Large Yard: An expansive outdoor oasis beckoning for relaxation, play, and entertainment. Detached 1-Car Garage with Work Area: A versatile space for storing your vehicle, tools, and pursuing hobbies or projects. Nestled in Lebanon, this home offers easy access to 65, shopping, local hot spots, and the local schools. Whether you're enjoying quiet moments in the upstairs retreat, entertaining guests in the ample yard, or tinkering away in the garage workshop, this property invites you to embrace a lifestyle of comfort and versatility. Water heater replaced 2024.

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

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,434

Property Taxes

-$2,880

Loan Payments

-$10,601

Net Cash Flow

$1,439

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:Kendra Rasnake
Agent License RB22000828
eXp Realty, LLC
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21972770
Last Updated: 04/24/2024 20:04
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