3381 S Mooresville Rd

Indianapolis, IN 46221
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3 bd, 1 ba | 1,161 sqft | Built in 1958

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List Price
$175,000

Initial Investment

$47,688

Purchase Price

$175,000

Down Payment

25%

Rent

$1,230

Total Return

$117,628

Annualized Return

27.6%

Cap Rate

5.0%

Gross Yield

8.4%

Cash Flow

-$1,338

Appreciation

11.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,973

HOA

None

Flood Risk

Not Required

Welcome home! A charming, single-story, 3 bedrooms, and 1 bathroom spacious ranch home nestled on an expansive lot in a well-established neighborhood is move-in ready and available today. This well-maintained home features a bright living room and large dining room flanking the galley kitchen that offers plenty of cabinets for storage and a center island. The dining room opens out to the fully fenced-in private backyard, a blank canvas, with the potential to make it into the perfect oasis for continued outdoor living and entertainment! Offering an extended driveway with both an attached covered carport and an oversized, detached 2+ car garage which sits at the back of the home. Combining both comfort and convenience, located on the southwest side of Indy. Don't miss the opportunity to make this your next home or investment property for the savvy investor. Come and experience all this incredible home has to offer; schedule a showing today!

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

Annual Financial Highlights

Expected Rent

$14,022

Expenses

-$2,496

Property Taxes

-$3,350

Loan Payments

-$9,514

Net Cash Flow

-$1,338

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:Dana Charra Radford Willis
Agent License RB14049931
Silver Key Realty, LLC
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21992497
Last Updated: 07/25/2024 16:07
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