2173 N DREXEL AVE

INDIANAPOLIS, IN 46218
image0

2 bd, 1 ba | 728 sqft | Built in 1922

slider image
slider image
slider image
List Price
$135,000

Initial Investment

$36,788

Purchase Price

$135,000

Down Payment

25%

Rent

$1,010

Total Return

$103,936

Annualized Return

30.5%

Cap Rate

5.4%

Gross Yield

9.0%

Cash Flow

-$590

Appreciation

12.6%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,403

HOA

None

Flood Risk

Not Required

This charming 2-bedroom, 1-bathroom ranch home is the perfect blend of comfort and convenience. Nestled in a quiet setting, this one-story gem offers a thoughtful layout designed for easy living. Step onto the welcoming covered porch, where you can enjoy morning coffee or unwind in the evenings. Inside, the updated kitchen boasts modern finishes, ample cabinetry, and a layout that makes meal preparation a breeze. The adjacent utility room and main-level laundry add to the home's functionality, ensuring everything is within reach. Storage is never an issue, thanks to the detached garage that includes a workshop and additional storage space, perfect for tools, hobbies, or extra belongings. A courtyard-load garage design enhances curb appeal, while guest street parking provides convenience for visitors. The Jack-and-Jill bath offers accessibility between bedrooms, maximizing efficiency in the home's floor plan. For those who value privacy, the fully fenced backyard, complete with a gate, offers a secure space for outdoor enjoyment, pets, or gardening. Whether you're hosting a barbecue or simply relaxing, this backyard is an inviting retreat. High-speed internet availability and network-ready features make working from home or streaming your favorite shows effortless. This home offers a perfect balance of modern updates and classic charm, making it an excellent choice for those looking for an easy-to-maintain property with great storage and outdoor space. Don't miss this opportunity, schedule your showing today!

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

Annual Financial Highlights

Expected Rent

$11,514

Expenses

-$2,165

Property Taxes

-$2,600

Loan Payments

-$7,339

Net Cash Flow

-$590

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.

Similar Listings



Listing Courtesy of:Connor Jones
Agent License RB22001638
Mark Dietel Realty, LLC
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22022180
Last Updated: 02/14/2025 18:02
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.