2919 S Parker Ave

Indianapolis, IN 46203
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3 bd, 1 ba | 1,363 sqft | Built in 1961

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,290

Total Return

$88,269

Annualized Return

21.8%

Cap Rate

5.0%

Gross Yield

8.4%

Cash Flow

-$1,469

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,882

HOA

None

Flood Risk

Not Required

Peaceful charm and comfort radiate from this well-maintained, solidly-built ranch in a well-established neighborhood. A focus on detail and longevity are evident in wood flooring, blinds, trim and doors, wall and window treatments, double hung and inward tilting windows, kitchen and bathroom updates, attic fan, Culligan reverse osmosis, gas on-demand water heater, chip sealed floor and insulated walls of the garage, and more. The open kitchen/dining with breakfast bar flows out double French doors to a patio area with firepit in a privacy fenced back yard with flower and garden beds, letting the home flow outdoors effortlessly. Near Sarah Shank golf course, Garfield Park, shopping and schools, this home's convenient location is yet another positive attribute. Take a tour, fall in love, make an offer!

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

Annual Financial Highlights

Expected Rent

$14,706

Expenses

-$2,618

Property Taxes

-$3,500

Loan Payments

-$10,058

Net Cash Flow

-$1,469

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:Laura Haltom
Agent License RB20001062
eXp Realty LLC
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21972571
Last Updated: 04/12/2024 02:04
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