5493 W Woodhaven Dr

McCordsville, IN 46055
image0

3 bd, 3 ba | 1,848 sqft | Built in 2020

slider image
slider image
slider image
List Price
$425,000

Initial Investment

$115,813

Purchase Price

$425,000

Down Payment

25%

Rent

$2,190

Total Return

$183,277

Annualized Return

19.7%

Cap Rate

4.0%

Gross Yield

6.2%

Cash Flow

-$6,599

Appreciation

8.7%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,276

HOA

$45/mo

Flood Risk

Not Required

This must-see newer home is loaded with upgrades everywhere! The home features a bonus room with a built-in desk/office center with French doors and shelving, which could be your office, library, or just another private room to relax in. While built in 2020, this home has been meticulously cared for with a multitude of upgrades to include granite countertops, 42 inch maple cabinets in the kitchen, an oversized island with a chef sink, SS appliances, laminated hardwood flooring in the entryway and kitchen/breakfast room, 9 foot ceilings on the main, built in bookshelves, and a built-in electric fireplace. The fenced-in backyard is a mini oasis with a huge custom back patio, a covered area with a complete kitchen and bar area, a mini fridge, a gas grill, a sink, and plenty of bar countertop space. The other side of the patio features a pergola, a gas fire pit, and a mini waterfall to complete your overall enjoyment. The oversized two-car garage has built-in shelves, a bump-out area for storage, and more shelves and epoxy flooring. Lastly, the entire yard has a 12-zone irrigation system that keeps the beautifully landscaped yard looking great all season. The exterior camera system stays too.

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

Annual Financial Highlights

Expected Rent

$24,966

Expenses

-$4,609

Property Taxes

-$3,850

Loan Payments

-$23,105

Net Cash Flow

-$6,599

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.

Similar Listings



Listing Courtesy of:Michael Price
Agent License RB14047065
RE/MAX Centerstone
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22032228
Last Updated: 04/18/2025 16:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.