8002 Roy Rd

Indianapolis, IN 46219
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4 bd, 2 ba | 1,560 sqft | Built in 1959

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List Price
$245,000

Initial Investment

$66,763

Purchase Price

$245,000

Down Payment

25%

Rent

$1,300

Total Return

$137,329

Annualized Return

23.0%

Cap Rate

3.3%

Gross Yield

6.4%

Cash Flow

-$5,787

Appreciation

11.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,504

HOA

None

Flood Risk

Not Required

Come take a look at this charming home! This delightful ranch-style home offers 4 bedrooms and 2 bathrooms, an additional office room, that could be easily accommodated as a 5th bedroom. Updated a few years ago, but has been kept in great condition. The property also aboats plenty of car spaces; a 3 car detached garage with additional parking for up to 4+ cars. Fresh paint throughout the house, lots of natural light, a corner lot and a beautiful deck, perfect for relaxation or entertaining friends and family. Don't miss out on the opportunity to make this dream home yours!

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

Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$2,638

Property Taxes

-$4,650

Loan Payments

-$13,319

Net Cash Flow

-$5,787

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:Luis Coronel
Agent License RB14042810
Coronel Realty Group
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21972766
Last Updated: 04/10/2024 17:04
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