316 Laurel St

Pendleton, IN 46064
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2 bd, 1 ba | 2,016 sqft | Built in 1935

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,570

Total Return

$113,091

Annualized Return

20.6%

Cap Rate

4.5%

Gross Yield

7.5%

Cash Flow

-$3,174

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,800

HOA

None

Flood Risk

Not Required

Charming-Cottage Style Home in Pendleton This beautifully remodeled 2-bedroom,1 bath home offers a perfect blend of cozy charm and modern updates.The spacious family/dining area is ideal for entertaining, and the fully fenced backyard provides a private oasis for relaxation.Nestled in the heart of the quaint town of Pendleton,this home is just a short walk to local restaurants,shops,and the historic Falls Park.Whether you're enjoying a peaceful day at home or exploring all that Pendleton has to offer, this cottage style gem is the perfect retreat. Updates Roof,gutters,siding,electrical,plumbing,all new interior.

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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

$17,898

Expenses

-$3,186

Property Taxes

-$4,300

Loan Payments

-$13,586

Net Cash Flow

-$3,174

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:Jennifer McCoy
Agent License RB17000303
eXp Realty, LLC
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22003043
Last Updated: 09/24/2024 18:09
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