3351 N Butler Ave

Indianapolis, IN 46218
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3 bd, 1 ba | 896 sqft | Built in 1958

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For Sale

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List Price
$69,900

$10.1K

Initial Investment

$27,872
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$69,900

Down Payment

25%

Rent

$695

Total Return

$48,012

Annualized Return

22.5%

Cap Rate

6.5%

Gross Yield

11.9%

Cash Flow

$263

Appreciation

12.6%
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Features

Occupancy

Month To Month

Lease Start

01/26/2019

Lease End

M/M

Lot Size

7,797

HOA

None

Flood Risk

Not Required

  • Occupied until Jan 2023
  • Tenant will not be renewing lease and moving out towards the end of Jan 2023
  • Get more insight into this market here

See more in Analysis

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Annual Financial Highlights

Expected Rent

$7,923

Expenses

-$2,259

Property Taxes

-$1,600

Loan Payments

-$3,800

Net Cash Flow

$263

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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