3955 N Grant Street, Indianapolis, In 46226Turn-Key Rental in Indianapolis ~ Brick Ranch in Nice Area ~ Rented for 983 per month!

Great opportunity to own a turn-key rental in Washington township, Indianapolis, Indiana. The hard work has been on this property and it has a long term tenant for last few years. It’s rented at $983 per month. This is a 3 bedroom, 1.5 bathroom brick ranch with a 2 car garage. It sits on .41 acres. This property is assessed $102,700. Great property for a longer-term investor.

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Details

• Details about Property:• Washington Township, Indiana ~ Long Term Tenant

• 3 Bedrooms, 1.5 Bathrooms, Brick Ranch, .41 Acres, nice yard, 2 Car Garage, Basement, 1247 Finished Sq Feet, Mature Trees,

• Assessed at $102700

• Rented: $983 per Month

• ARV: $75-100K

• Year Built: 1956

• Semi-Annual Taxes: $1056 (No Homestead)

Active and Sold Comps in Area

Tax Report

Cap Rate

• Cap Rate on Property

• Rented per Month: $983

• Rented per Year: $11796

• Expenses:

• Vacancy and Maint (15%) = $147.50

• Management: (10%) = $98.30

• Taxes: $176

• Insurance: $40

• Washington Township, Indiana ~ Long Term Tenant

• Total Expenses per Month: $461.80

• Net Rent per Month: $521.20

• Net Rental Income per year: 6254.40

• Cap Rate: 6254.40 / 59,900 = 10.4%