3226 Wellington Ave Indianapolis, IN 46226
3bd, 1ba | 900sqft | Built in 1960
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Initial Investment
$60,393
List Price: $59,500
Purchase Price
$59,500
Down Payment
100%
Rent
$750

Total Return
$25,751
Annualized Return
8.5%
Cap Rate
9.0%
Gross Yield
15.1%
Cash Flow
$4,852
Appreciation
0.9%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
04/01/2018 
Lease End
03/31/2019 
Lot Size
7,200 
HOA
None
Flood Risk
Not Required
  • Current lease runs through 3/31/2019
  • Cap Rate of 9.0% with current rents and 9.2% with market rents
  • Purchases comes with Roofstock Money Back Guarantee

Annual Financial Highlight
Expected Rent
$8,550
Expenses
-$2,598
Property Taxes
-$1,100
Loan Payments
$0

Net Cash Flow
$4,852
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

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

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