6902 Ashland Pointe Dr

Indianapolis, IN 46237
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4 bd, 3 ba | 3,451 sqft | Built in 2005

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List Price
$400,000

Initial Investment

$109,000

Purchase Price

$400,000

Down Payment

25%

Rent

$2,200

Total Return

$209,006

Annualized Return

22.2%

Cap Rate

3.6%

Gross Yield

6.6%

Cash Flow

-$8,180

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,982

HOA

$46/mo

Flood Risk

Not Required

Welcome Home to Ashland Pointe! A highly-sought-after quaint 69 home development conveniently located close to I-465/74/65/70, shopping & restaurants. This spacious 4BDR +Den w/3.5 CAR Open-Concept beauty was meticulously designed & built by Davis Homes spans nearly 3,500 sq ft. Enter your new home through the impressive 2-story cathedral entrance. Amazing feel with 9' ceilings throughout main floor! The spacious Kitchen has an abundance of cabinet space, granite tops, a Family-style Island plus Walk-in Pantry & a Breakfast Room overlooking the tranquil lake. You can formally entertain in the Formal Dining Room. So much flex space created with a dedicated main floor Den/Flex, upstairs Loft & Primary BDR w/Sitting/2nd Den to cover a variety of flex needs. No need for heavy lifting with an upstairs Laundry Room located close to all BDRs. Vast Storage space throughout including Walk-in Closets in every BDR. Relax on your huge 20x14 Covered patio w/New Viking Spa inside Fully-Fenced Back Yard overlooking the soothing lake. Large driveway with Gorilla Basketball Goal(This is Indiana!) Transferrable Home Warranty. Roof & Gutters 3 years old. Replacement Windows w/transferrable warranty. This gem is nestled in the highly sought-after Franklin Township located close to shopping, dining & interstate access. Do not miss this perfect blend of Americana style and functionality! Schedule your private showing today!

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

Annual Financial Highlights

Expected Rent

$25,080

Expenses

-$5,014

Property Taxes

-$6,500

Loan Payments

-$21,746

Net Cash Flow

-$8,180

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:Shawn Nugent
Agent License RB19001651
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Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22002870
Last Updated: 09/24/2024 16:09
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