6416 Saint James Dr

Indianapolis, IN 46217
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3 bd, 2 ba | 2,734 sqft | Built in 1959

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List Price
$315,000

Initial Investment

$85,838

Purchase Price

$315,000

Down Payment

25%

Rent

$1,290

Total Return

$138,979

Annualized Return

18.0%

Cap Rate

1.5%

Gross Yield

4.9%

Cash Flow

-$13,083

Appreciation

10.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

19,994

HOA

None

Flood Risk

Not Required

Welcome to this charming brick ranch, where warmth and coziness await at every turn. Step into the heart of the home, where updated features seamlessly blend with timeless elegance. The kitchen boasts granite countertops, complemented by granite flooring that extends throughout the kitchen, bath, and entry areas, enhancing both style and durability. French doors lead to a sunlit sunroom, beckoning you to relax and unwind in the comfort of natural light. Outside, a rear wood deck offers a tranquil retreat for outdoor relaxation. This ranch-style home features three bedrooms, each adorned with hardwood floors that add to the inviting ambiance and timeless appeal. The main level full bath has been thoughtfully updated with new tile, tub, and sink, creating a spa-like sanctuary for ultimate relaxation. Meanwhile, the home heating and cooling system, installed in 2021, ensures year-round comfort while keeping energy costs in check. As you make your way to the basement, a cozy fireplace invites you to gather with loved ones in its warm embrace. With its charming brick exterior, warm and cozy interior, and hardwood floors throughout, this home is a true sanctuary that invites you to create lasting memories in comfort and style

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

Annual Financial Highlights

Expected Rent

$14,706

Expenses

-$3,814

Property Taxes

-$6,850

Loan Payments

-$17,125

Net Cash Flow

-$13,083

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:Alex Hottle
Compass Indiana, LLC
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21971012
Last Updated: 03/28/2024 13:03
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