2823 N Gladstone Ave

Indianapolis, IN 3065
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4 bd, 2 ba | 1,016 sqft | Built in 1990

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List Price
$89,900

Initial Investment

$24,498

Purchase Price

$89,900

Down Payment

25%

Rent

$1,150

Total Return

$52,510

Annualized Return

29.7%

Cap Rate

9.7%

Gross Yield

15.4%

Cash Flow

$3,044

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,403

HOA

None

Flood Risk

Not Required

Investor opportunity with this 4 bedroom 1 1/2 bath ranch style home. Interior needs new floor coverings, interior painting and updates. Located on a large lot. Previously used as a rental. Owner has not lived in the home.

MARKETS

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NEIGHBORHOOD

SCHOOLS

See more in Analysis
Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$3,428

Property Taxes

-$1,750

Loan Payments

-$4,887

Net Cash Flow

$3,044

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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Similar Listings



Listing Courtesy of:Marty Matlock
Agent License RB14033952
Matlock Realty Group
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22032076
Last Updated: 05/05/2025 12:05
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