3153 E Tabor St

Indianapolis, IN 46203
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2 bd, 1 ba | 840 sqft | Built in 1926

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List Price
$79,900

Initial Investment

$21,450

Purchase Price

$78,000

Down Payment

25%

Rent

$850

Total Return

$48,418

Annualized Return

28.9%

Cap Rate

8.1%

Gross Yield

13.1%

Cash Flow

$1,527

Appreciation

8.8%
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Features

Occupancy

Vacant

Lot Size

19,600

HOA

None

Flood Risk

Not Required

  • Attractive hard to find, high-yielding property at 8 cap and 3-star neighborhood
  • Current owner has recently upgraded the house with over $8k rehab
  • Spacious living room and family room, Brand new garage door and freshly painted inside out
  • Corner lot, large enclosed backyard with lot size over 19,500 sqft
  • Easy access to I-65, less than 10 min to Indianapolis downtown

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,722

Property Taxes

-$1,200

Loan Payments

-$4,240

Net Cash Flow

$1,527

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