4216 Crittenden Ave

Indianapolis, IN 46205
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4 bd, 2 ba | 899 sqft | Built in 1954

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List Price
$130,000

Initial Investment

$39,536

Purchase Price

$138,900

Down Payment

25%

Rent

$800

Total Return

$67,882

Annualized Return

20.4%

Cap Rate

3.5%

Gross Yield

6.9%

Cash Flow

-$3,128

Appreciation

10.3%
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Features

Occupancy

Occupied

Lease Start

07/22/2019

Lease End

07/31/2020

Property Type

Duplex

Lot Size

5,732

HOA

None

Flood Risk

Not Required

  • 2019 full renovation of the property interior and exterior: new kitchens, bathrooms, flooring, architectural shingles, paint, HVAC, plumbing & electrical updates
  • Both units have 2 bedrooms and 1 bath
  • One unit rented until the end of July 2020 for $800/month, other to be rented shortly
  • Convenient location near downtown, the fairgrounds, and shopping
  • Investors are rehabbing other properties in this neighborhood, less upgraded comp pending sale as of July 31 at $139,500

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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$2,297

Property Taxes

-$2,400

Loan Payments

-$7,551

Net Cash Flow

-$3,128

See more in Financials

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