123 S Canal St
Alexandria, IN 46001
List Price
$69,900
Initial Investment
$19,048Purchase 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%
Reset to DefaultEdit Assumptions
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
$25,992Expenses
-$8,265Property Taxes
-$1,300Loan Payments
-$3,800Net Cash Flow
$12,626See 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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MLS #22026210
Last Updated: 03/14/2025 15:03
MLS #22026210
Last Updated: 03/14/2025 15:03