2251 Salem Park Dr

Indianapolis, IN 46239
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4 bd, 2.5 ba | 2,163 sqft | Built in 2002

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List Price
$163,250

Initial Investment

$43,734

Purchase Price

$160,250

Down Payment

25%

Rent

$1,365

Total Return

$77,501

Annualized Return

21.5%

Cap Rate

4.4%

Gross Yield

10.2%

Cash Flow

-$2,211

Appreciation

9.4%
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Features

Occupancy

Occupied

Lease Start

04/25/2014

Lease End

05/31/2021

Lot Size

5,401

HOA

$2/mo

Flood Risk

High Risk - Zone AE

  • Below market rent
  • Leased through 05/31/2021
  • Minimal estimated immediate costs
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$15,561

Expenses

-$5,460

Property Taxes

-$3,600

Loan Payments

-$8,712

Net Cash Flow

-$2,211

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