1154 Bacon St

Indianapolis, IN 46227
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3 bd, 2 ba | 1,275 sqft | Built in 1945

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List Price
$170,000

Initial Investment

$46,325

Purchase Price

$170,000

Down Payment

25%

Rent

$1,180

Total Return

$111,319

Annualized Return

27.1%

Cap Rate

5.0%

Gross Yield

8.3%

Cash Flow

-$1,285

Appreciation

11.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,703

HOA

None

Flood Risk

Not Required

Newly remodeled 3 bedrooms and 2 baths single family home in Perry township. The home is close to banks, shopping centers and food courts. University of Indianapolis is just 4 minutes away and downtown Indianapolis is just 14 minutes away. As you walk pass by the gate, the front porch will welcome you and you will be greeted by a wide-open living room, and spacious combo dinning and kitchen. Tons of updates and upgrades have been done to this modest home. The updates are: new roof, new main door, new windows, new flooring, brand new bathrooms, new kitchen, new HVAC systems (new furnace, new AC unit), new water heater, new sump pump, new clothes washer and dryer, newer range/oven, new microwave, new air fryer, new refrigerator, fresh paint throughout the house. New moisture barrier installed in the basement. Additionally, there is a huge unfinished 850 sq. ft. attic area in the upper. The attic has a good potential to turn it into spacious bedrooms or entertaining area. Practically endless potential in this house. Newly built deck at the back to enjoy your evening, new carport, and new storage shed. No HOA.

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

Annual Financial Highlights

Expected Rent

$13,452

Expenses

-$2,394

Property Taxes

-$3,100

Loan Payments

-$9,242

Net Cash Flow

-$1,285

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:Ri Khuma
Agent License RB18002242
Highgarden Real Estate
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22027231
Last Updated: 03/18/2025 03:03
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