1143 N Elder Ave

Indianapolis, IN 46222
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3 bd, 1 ba | 864 sqft | Built in 1968

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List Price
$56,067

Initial Investment

$58,610

Purchase Price

$56,067

Down Payment

100%

Rent

$705

Total Return

$49,508

Annualized Return

14.6%

Cap Rate

8.9%

Gross Yield

15.1%

Cash Flow

$4,505

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

04/24/2020

Lease End

04/30/2021

Lot Size

5,532

HOA

None

Flood Risk

Not Required

  • Meets 1% rule
  • Attractive cap rate
  • Near schools, shopping, and dining
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,037

Expenses

-$2,432

Property Taxes

-$1,100

Loan Payments

$0

Net Cash Flow

$4,505

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