10497 Silver Ridge Cir

Fishers, IN 46038
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4 bd, 3 ba | 3,551 sqft | Built in 1999

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List Price
$447,500

Initial Investment

$121,944

Purchase Price

$447,500

Down Payment

25%

Rent

$2,260

Total Return

$141,844

Annualized Return

14.9%

Cap Rate

3.0%

Gross Yield

6.1%

Cash Flow

-$11,950

Appreciation

7.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,405

HOA

$58/mo

Flood Risk

Not Required

Welcome to this charming neighborhood with close gate access to Heritage Park! This well-maintained one-owner home is a perfect fit for even the most selective buyer. Enjoy the archway entry as you enter the home into the 2-story entry front hallway. This well-kept home offers 4 bedrooms, 2.5 baths, a bonus room/home office off the master bedroom and an updated partially finished basement. The main areas of the home have fresh paint. The main level boasts a modern kitchen with stainless-steel appliances, quartz countertops, updated flooring throughout and impressive built-in bookcases on each side of the family room fireplace. Upstairs has 4 spacious bedrooms with recently renovated bathrooms. The partially finished basement features a bar, electric fireplace and the unfinished area is roughed in for a full bathroom. With a newly installed furnace and updated AC, hot water heater & water softener, peace of mind is yours. Perfect for entertaining; the backyard features a large 20 x 10 composite deck complete with benches along the sides. The yard is fenced in with 3 gates. Garage space is 420 sf rather than 840sft ( 2 garage garage and extra workshop space). Not included in upper square footage is bonus room / office above garage.

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

Annual Financial Highlights

Expected Rent

$25,764

Expenses

-$5,286

Property Taxes

-$8,100

Loan Payments

-$24,328

Net Cash Flow

-$11,950

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:Anthony Sandlin
Sandlin Real Estate Group LLC
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21962726
Last Updated: 03/19/2024 19:03
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