3123 N Olney St

Indianapolis, IN 46218
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3 bd, 1 ba | 666 sqft | Built in 1953

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List Price
$60,000

Initial Investment

$18,350

Purchase Price

$60,000

Down Payment

25%

Rent

$795

Total Return

$54,246

Annualized Return

34.6%

Cap Rate

9.1%

Gross Yield

15.9%

Cash Flow

$1,631

Appreciation

12.6%
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Features

Occupancy

Vacant

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

See more in Analysis
Neil Goradia
Roofstock LLC
Agent License #RB17001290

Annual Financial Highlights

Expected Rent

$9,063

Expenses

-$2,770

Property Taxes

-$1,400

Loan Payments

-$3,262

Net Cash Flow

$1,631

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:Michael Bounds
Agent License RB14025161
Keller Williams Indy Metro NE
Certified Agent Brokerage:Neil Goradia
Roofstock LLC
SourceMIBOR Realtor Association
MLS #21613569
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