123 S Canal St

Alexandria, IN 46001
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6 bd, 3 ba | 2,250 sqft | Built in 1899

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List Price
$69,900

Initial Investment

$19,048

Purchase Price

$69,900

Down Payment

25%

Rent

$2,280

Total Return

$103,381

Annualized Return

77.5%

Cap Rate

25.7%

Gross Yield

39.1%

Cash Flow

$12,626

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

None

Flood Risk

Not Required

This spacious 4-bedroom, 3-bathroom home offers 2,357 sq. ft. across two levels, providing endless possibilities for customization. Recently taken down to the studs, it's ready for your finishing touches! Key updates include a new roof, windows, soffit, and gutters, setting the stage for a fantastic renovation. Inside, the main floor features a large living room, a dining room, a spacious kitchen, a utility room, and a full bathroom. A bedroom on the main floor adds flexibility for guests or a home office. Upstairs, you'll find three additional bedrooms, two bathrooms, and ample closet space. Situated in downtown Alexandria, this home is perfect for an investor or homeowner looking for a project. Bring your vision to life!

See more in Analysis
Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254

Annual Financial Highlights

Expected Rent

$25,992

Expenses

-$8,265

Property Taxes

-$1,300

Loan Payments

-$3,800

Net Cash Flow

$12,626

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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Last Updated: 03/14/2025 15:03
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