3982 Tamara Way

Franklin, IN 46131
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4 bd, 3 ba | 2,160 sqft | Built in 1991

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List Price
$200,000

Initial Investment

$54,500

Purchase Price

$200,000

Down Payment

25%

Rent

$1,800

Total Return

$135,663

Annualized Return

29.6%

Cap Rate

6.8%

Gross Yield

10.8%

Cash Flow

$1,960

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,479

HOA

$5/mo

Flood Risk

Not Required

Large home with tons of potential. This tri-level home offers great living and entertainment space. Walk into the main level and see the living room, kitchen, and great room that leads out to the back deck. The upper level has three bedrooms. The lower level has another family room, bedroom, and laundry room. A little vision, a lot of elbow grease and you can make this the home of your dreams.

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NEIGHBORHOOD

SCHOOLS

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Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254

Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$4,087

Property Taxes

-$3,600

Loan Payments

-$10,873

Net Cash Flow

$1,960

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:Debra Brown-Nally
Agent License RB18000014
Carpenter, REALTORS®
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22027099
Last Updated: 03/15/2025 23:03
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.