2631 Collier St

Indianapolis, IN 46241
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2 bd, 1 ba | 864 sqft | Built in 1950

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List Price
$150,000

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$1,170

Total Return

$80,760

Annualized Return

24.5%

Cap Rate

5.8%

Gross Yield

9.4%

Cash Flow

-$72

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,184

HOA

None

Flood Risk

High Risk - Zone AE

Welcome to this charming 2-bedroom, 1-bathroom unit, perfect for first-time buyers, downsizers, or investors! This home sits on a rare dual lot, offering plenty of space for outdoor living, gardening, or future expansion. Features You'll Love: Brand new roof for peace of mind, All new appliances included - move-in ready, Bright and modern kitchen with stylish finishes, Comfortable layout with well-sized bedrooms and plenty of space, Updated bathroom with clean, fresh look Home boasts of New drywall, New flooring, New Carpet, New Countertops, New bathroom updates. Ample outdoor space ideal for entertaining or relaxing. Close to highways and shopping.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$13,338

Expenses

-$2,556

Property Taxes

-$2,700

Loan Payments

-$8,155

Net Cash Flow

-$72

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:Manzil Kohli
Agent License RB16001946
Vylla Home
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22032423
Last Updated: 04/17/2025 22:04
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