6657 Newstead Dr

Indianapolis, IN 46217
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3 bd, 2 ba | 1,276 sqft | Built in 2001

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List Price
$245,000

Initial Investment

$66,763

Purchase Price

$245,000

Down Payment

25%

Rent

$1,480

Total Return

$137,079

Annualized Return

23.3%

Cap Rate

3.8%

Gross Yield

7.2%

Cash Flow

-$4,716

Appreciation

10.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,489

HOA

None

Flood Risk

Not Required

This a nice ranch low maintenance home in a great neighborhood. Easy commute to downtown and close to major highways, I 465, SR 37, Shopping centers and schools. Nice back yard is fully fenced and has a spacious backyard. This home would make a wonderful first time home for any new buyer.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$16,872

Expenses

-$3,819

Property Taxes

-$4,450

Loan Payments

-$13,319

Net Cash Flow

-$4,716

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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Similar Listings



Listing Courtesy of:Uk Mang
Agent License RB17000987
Keller Williams Indy Metro S
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #21968331
Last Updated: 03/13/2024 16:03
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.