1914 N Hawthorne Ln

Indianapolis, IN 46218
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3 bd, 1 ba | 888 sqft | Built in 1953

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List Price
$88,000

Initial Investment

$88,771

Purchase Price

$87,000

Down Payment

100%

Rent

$870

Total Return

$92,746

Annualized Return

16.8%

Cap Rate

7.1%

Gross Yield

12%

Cash Flow

$5,557

Appreciation

12.6%
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Features

Occupancy

Occupied

Lease Start

04/26/2019

Lease End

04/30/2020

Lot Size

10,846

HOA

None

Flood Risk

Not Required

  • An affiliate of Roofstock is the seller of this home, which has been professionally acquired, renovated, and leased (if stated) to meet our certification requirements
  • Attractive return profile: gross yield of 11.6%, cap rate of 7.3%, and annualized return of 6.7%
  • As of 4/10/2019, fully approved tenant application at $870 per month for 12-month lease
  • As of 4/3, minor structural repair was completed per inspection report recommendation
  • Seller will provide a 1 year home warranty
  • With $6,000 invested, the home features easy-to-clean tiles, wood-like flooring, and remodeled bathroom

See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,918

Expenses

-$2,698

Property Taxes

-$1,663

Loan Payments

$0

Net Cash Flow

$5,557

See more in Financials

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