107 S Bancroft St

Indianapolis, IN 46201
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3 bd, 1 ba | 2,247 sqft | Built in 1928

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List Price
$200,000

Initial Investment

$54,500

Purchase Price

$200,000

Down Payment

25%

Rent

$1,060

Total Return

$109,190

Annualized Return

22.2%

Cap Rate

2.9%

Gross Yield

6.4%

Cash Flow

-$5,503

Appreciation

11.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,403

HOA

None

Flood Risk

Not Required

Welcome to your charming slice of Irvington! Step inside this delightful 3-bd, 1-ba home, where original hardwood floors & arched walkways greet you! Need a spot for that work from home life or even just extra space - look no further than the finished loft space, tailor-made for an inspiring office or a cozy reading nook! Prepare to be pampered in the spacious renovated bathroom with larger vanity & new tub await. And fear not, all the mechanicals in this home are less than 5 years old, ensuring efficiency and peace of mind for years to come. Plus, with a newer roof overhead! But wait, there's more! Tucked away is a one-car garage, spacious enough for all your storage needs or to transform into your own personal gym! The fully updated kitchen has modern appliances and ample counter space, alongside a spacious pantry and tall cabinets! Location? It couldn't be better! This gem is walkable to everything Irvington has to offer, from the cozy vibes of the Snug and the eclectic charm of StrangeBird, to Landlocked and the scenic beauty of Pennsy Trail. Your new home isn't just a place to live, it's a gateway to endless adventures and vibrant community experiences. Don't miss out on this opportunity to make this enchanting Irvington abode your own. Schedule a tour today and get ready to fall in love!

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

Annual Financial Highlights

Expected Rent

$12,084

Expenses

-$2,914

Property Taxes

-$3,800

Loan Payments

-$10,873

Net Cash Flow

-$5,503

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:Kristin Glassburn
Agent License RB17001173
@properties
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21969868
Last Updated: 03/22/2024 18:03
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