3123 N Olney St Indianapolis, IN 46218
3bd, 1ba | 666sqft | Built in 1953
Expand
Initial Investment
$62,900
List Price: $60,000
Purchase Price
$60,000
Down Payment
100%
Rent
$795

Total Return
$24,363
Annualized Return
7.8%
Cap Rate
9.2%
Gross Yield
15.9%
Cash Flow
$4,959
Appreciation
0.9%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
4,400 
HOA
None
Flood Risk
Not Required
  • Newly updated home with fresh, neutral tone paint and carpet throughout
  • Extremely attractive 9.2% cap rate and 15.9% gross yield
  • 2-car garage
  • Located 14 minutes from downtown Indianapolis
  • Listed on MLS 1/8/2019

Annual Financial Highlight
Expected Rent
$9,063
Expenses
-$2,704
Property Taxes
-$1,400
Loan Payments
$0

Net Cash Flow
$4,959
Considerations
Property Characteristics    View Details



Buyer's Agent
An experienced local broker will represent and assist you throughout the transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact them with questions even before making an offer.
  • Plus, a professional home inspection will be conducted during closing, paid for by Roofstock. As soon as the inspection report is ready, your Buyer’s Agent will discuss the findings with you and help with any next steps.
  • There is no additional cost to having a Buyer’s Agent as their fees will be paid by the seller.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

Listed By: Michael Bounds, Keller Williams Indy Metro NE
Listing Source: MLS #21613569 details provided by MIBOR Realtor Association. Information deemed reliable but not guaranteed. Copyright 2019 MIBOR Realtor Association. All rights reserved. Data is refreshed every 30 minutes.
BESbswy