5426 SLEET DR

INDIANAPOLIS, IN 46237
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3 bd, 2 ba | 1,510 sqft | Built in 1976

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List Price
$229,000

Initial Investment

$62,403

Purchase Price

$229,000

Down Payment

25%

Rent

$1,570

Total Return

$134,401

Annualized Return

25.2%

Cap Rate

4.9%

Gross Yield

8.2%

Cash Flow

-$1,887

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,190

HOA

None

Flood Risk

Not Required

Welcome to this 3-bedroom 2 full bath home in desirable Franklin Township. Up the stairs you will find living room with lots of natural light. Dining room opens to living room and galley style kitchen, with space to expand if wanted. On this floor you will find 3 bedrooms with newer carpet and full bath. When you make your way downstairs you find additional space with full bath and laundry room. Garage entry way is also on this floor. Out back you will find deck with large fenced in back yard for your leisure.

MARKETS

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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

-$4,150

Loan Payments

-$12,450

Net Cash Flow

-$1,887

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 Reilly
Agent License RB18000114
Trueblood Real Estate
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22027304
Last Updated: 03/19/2025 16:03
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