6201 S Carroll Rd

Indianapolis, IN 46259
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3 bd, 3 ba | 3,048 sqft | Built in 1973

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List Price
$375,000

Initial Investment

$102,188

Purchase Price

$375,000

Down Payment

25%

Rent

$2,540

Total Return

$228,883

Annualized Return

26.4%

Cap Rate

5.5%

Gross Yield

8.1%

Cash Flow

-$985

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

24,829

HOA

None

Flood Risk

Not Required

Charming Country Home Just Minutes from the City! Enjoy the best of country living with easy access to the interstate, local wineries, orchards, and just a quick bike ride or drive to Southeastway Park. Located in the sought-after Triton School District in the charming Briarpatch Woods neighborhood. This custom-built home sits on a spacious corner lot with over half an acre with mature trees. Step inside to find a main-level primary suite featuring a fully updated bathroom and a walk-in closet. The laundry room with sliding barn door and half bath is convenient for guests. The cozy family room offers a fireplace, built-in seating with storage, and plenty of room to relax. A formal living room with bay window overlooks the covered front porch plus includes space for an office nook. All this while the formal dining room opens to a large screened-in porch with a ceiling fan-perfect for entertaining! The updated kitchen boasts quartz countertops, a breakfast bar, and includes stainless steel appliances (stove, refrigerator, dishwasher, and trash compactor). Upstairs, you'll find 2 very spacious bedrooms, a full bathroom with double sinks separates them, and gorgeous wrought iron spindles leading up the staircase. Take a step outside and enjoy the covered front porch with stunning sunset views and newly installed French Pella doors. The backyard offers a stamped concrete patio, fully fenced yard and a mini barn for extra storage. This total electric home features a heat pump with a backup furnace, a hybrid 50-gallon hot water heater, water softener, and humidifier for year-round comfort. New gorgeous Anderson front door makes this the perfect move in a ready home. All of this is just 30 minutes from downtown Indianapolis-don't miss out on this incredible home! Schedule your showing today!

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

Annual Financial Highlights

Expected Rent

$28,956

Expenses

-$5,154

Property Taxes

-$4,400

Loan Payments

-$20,387

Net Cash Flow

-$985

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:Kristina Swatts
Agent License RB14033815
T&H Realty Services, Inc.
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22027163
Last Updated: 03/16/2025 20:03
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