3613 Schofield Ave

Indianapolis, IN 46218
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3 bd, 2 ba | 1,820 sqft | Built in 1930

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List Price
$145,900

Initial Investment

$39,758

Purchase Price

$145,900

Down Payment

25%

Rent

$1,150

Total Return

$114,934

Annualized Return

31.3%

Cap Rate

5.8%

Gross Yield

9.5%

Cash Flow

-$147

Appreciation

12.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,229

HOA

None

Flood Risk

Not Required

Super cute 2 Bedroom 2 FULL Bath Home*Finished basement has a 3rd bedroom, bonus rooms, and a full bath*****Fresh Paint in Living room, Dining room***Furnace, A/C 6 years old***Roof is 1 year old, updated electrical and plumbing***Vinyl replacement windows throughout**Yard is fully fenced***Large Covered Porch***Washer and Dryer in basement will remain***Immediate possession*

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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

$13,110

Expenses

-$2,525

Property Taxes

-$2,800

Loan Payments

-$7,932

Net Cash Flow

-$147

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:Michelle Butts
Agent License RB14031204
RE/MAX At The Crossing
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22024982
Last Updated: 03/04/2025 23:03
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