3236 Central Ave

Indianapolis, IN 46205
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3 bd, 3 ba | 2,072 sqft | Built in 1921

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List Price
$285,000

Initial Investment

$77,663

Purchase Price

$285,000

Down Payment

25%

Rent

$1,290

Total Return

$117,860

Annualized Return

17.4%

Cap Rate

1.7%

Gross Yield

5.4%

Cash Flow

-$11,106

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,400

HOA

None

Flood Risk

Not Required

Unlock the charm and possibilities of this classic Mapleton-Fall Creek home! Beautiful wide windows and door ways with classic molding. Nestled in a vibrant, walkable neighborhood, this property is perfect for buyers looking to add their personal touch. This beautiful home comes with original hardwood floors and a customizable floorpan that can be kept as it is or opened up and modernized. With a little TLC-fresh paint, updated appliances, and exterior enhancements-this home can truly shine. Featuring a layout with abundant natural light, this space is ready for your vision. Enjoy the best of historic character and modern convenience, just steps from local cafes, city trails, and cultural hotspots. A rare opportunity for homeowners or investors to build value in a thriving community! This home is ready for you, bring your creativity and make this home your own!

See more in Analysis
Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254

Annual Financial Highlights

Expected Rent

$14,706

Expenses

-$2,618

Property Taxes

-$7,700

Loan Payments

-$15,494

Net Cash Flow

-$11,106

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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Last Updated: 03/08/2025 13:03
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