2055 N SOMERSET AVE

INDIANAPOLIS, IN 46222
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3 bd, 2 ba | 1,104 sqft | Built in 1971

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List Price
$190,000

Initial Investment

$51,775

Purchase Price

$190,000

Down Payment

25%

Rent

$1,260

Total Return

$93,573

Annualized Return

22.1%

Cap Rate

4.7%

Gross Yield

8.0%

Cash Flow

-$1,972

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,271

HOA

None

Flood Risk

Not Required

Hard to find newly remolded 3 Bedroom and 2 Full Baths with fenced yard! Move right in and make this your new home. Large eat-in kitchen and all appliances stay. Laundry area with cabinets is near the kitchen. Every room has been freshly painted. New durable vinyl plank flooring throughout the house. Roof and Water Heater are just 3 years old, the furnace and A/C unit are just 2 years old.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$14,364

Expenses

-$2,557

Property Taxes

-$3,450

Loan Payments

-$10,329

Net Cash Flow

-$1,972

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:Julie Cromer
Agent License RB14043567
Epique Inc
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22031002
Last Updated: 04/08/2025 22:04
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