3227 Devereaux Dr

Indianapolis, IN 46228
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4 bd, 2 ba | 4,124 sqft | Built in 1952

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List Price
$425,000

Initial Investment

$115,813

Purchase Price

$425,000

Down Payment

25%

Rent

$1,900

Total Return

$187,051

Annualized Return

18.6%

Cap Rate

2.4%

Gross Yield

5.4%

Cash Flow

-$13,924

Appreciation

10.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

37,723

HOA

None

Flood Risk

Not Required

DREAMY DEVEREAUX || Located in one of Indy's gems, Northern Estates, this 4 bed/2 bath brick home is ready to be the place to gather and enjoy time spent with friends and loved ones! This haven boasts a variety of living spaces, updated bathrooms, enormous unfinished basement, newer kitchen appliances, and a generous primary bedroom with direct access to the exterior and a bonus 3rd car garage perfect for hobbies or a gym! This sprawling floor plan has a lot of options that could accommodate long-term guests, multi-generational living and more. Not only does the home have cozy interiors, but the exterior is an outdoor enthusiast's dream! Sitting on over 3/4 acre the home has incredible lush perennials/pollinator gardens, mature trees, raised beds, and space for feathered friends! This neighborhood gets two thumbs up with mature trees and varying architecture whose voluntary HOA hosts various events throughout the year including a 4th of July parade. Close to Newfields, 100 Acres, I-65 and downtown! See you there! SHOWINGS START FRIDAY AT 3pm.

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

Annual Financial Highlights

Expected Rent

$21,660

Expenses

-$5,178

Property Taxes

-$7,300

Loan Payments

-$23,105

Net Cash Flow

-$13,924

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:Emily Burford
Agent License RB16000575
@properties
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21973277
Last Updated: 04/12/2024 12:04
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