516 S Cherry St

Westfield, IN 46074
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4 bd, 2 ba | 1,472 sqft | Built in 1964

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List Price
$200,000

Initial Investment

$54,500

Purchase Price

$200,000

Down Payment

25%

Rent

$1,860

Total Return

$84,428

Annualized Return

21.5%

Cap Rate

6.7%

Gross Yield

11.2%

Cash Flow

$1,607

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,197

HOA

None

Flood Risk

Not Required

4BR, 1.5BA in downtown Westfield. Great backyard w/ new composite decking. New roof in 2023. Shed not included. This is a fantastic flip/investment opportunity!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254

Annual Financial Highlights

Expected Rent

$21,204

Expenses

-$5,124

Property Taxes

-$3,600

Loan Payments

-$10,873

Net Cash Flow

$1,607

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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Similar Listings



Listing Courtesy of:Trent Wood
Agent License RB17000738
eXp Realty, LLC
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21973318
Last Updated: 04/20/2024 11:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.