1366 N Kealing Ave

Indianapolis, IN 46201
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2 bd, 1 ba | 1,936 sqft | Built in 1921

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List Price
$189,000

Initial Investment

$51,503

Purchase Price

$189,000

Down Payment

25%

Rent

$970

Total Return

$101,709

Annualized Return

21.9%

Cap Rate

2.8%

Gross Yield

6.2%

Cash Flow

-$5,478

Appreciation

11.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,792

HOA

None

Flood Risk

Not Required

The 2-bedroom bungalow underwent recent updates with a focus on modernizing its layout and amenities. The large great room serves as a versatile and inviting space that brings together the various elements of modern living into one cohesive and harmonious environment. With open sightlines, the great room becomes the focal point of the home, fostering connection, comfort, and enjoyment for all who gather within its walls. A fully remodeled kitchen with white cabinets, new counters, flooring, appliances and backsplash transform the space into a more functional, visually appealing, and enjoyable area for cooking and entertaining. The large pantry provides valuable storage space and organization for a wide range of kitchen items, helping to keep the kitchen clutter-free and food supplies easily accessible. The reimagined dining room with a built-in bench under the window and a large breakfast bar with storage and a butcher block top combines practicality with style, transforming the space into a versatile and inviting area for meals, gatherings, and everyday living. Newly renovated bathroom transforms your daily routine and adds value to your home by creating a stylish, functional, and relaxing retreat. Connected to the master bedroom, a sitting room used to be part of the front porch now forms an intimate enclave, offering a seamless transition from the sleeping area to a cozy lounge space. The sitting room is designed to maximize comfort and relaxation, with carefully curated furnishings and decor. Restored hardwood flooring adds timeless elegance and warmth to any space, infusing it with character and charm. The large basement has the potential for storage or conversion into additional living space offering flexibility to customize your home to suit your needs. The one-car detached garage with alley access is a convenient and practical addition to a residential property, providing a secure space to store a vehicle, outdoor equipment, tools, and other items.

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

Annual Financial Highlights

Expected Rent

$11,058

Expenses

-$2,811

Property Taxes

-$3,450

Loan Payments

-$10,275

Net Cash Flow

-$5,478

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:Mary Petruzzi
RE/MAX At The Crossing
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21971778
Last Updated: 04/06/2024 00:04
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