8048 Grove Berry Dr

Indianapolis, IN 46239
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4 bd, 3 ba | 1,732 sqft | Built in 2016

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List Price
$259,000

Initial Investment

$70,578

Purchase Price

$259,000

Down Payment

25%

Rent

$1,750

Total Return

$131,522

Annualized Return

22.7%

Cap Rate

4.7%

Gross Yield

8.1%

Cash Flow

-$2,432

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,053

HOA

$29/mo

Flood Risk

Not Required

Welcome to this move-in-ready, one-owner home located in the highly desirable, 4-star rated Franklin Township School District! This well maintained home features 4 bedrooms, 2.5 bathrooms, and an open-concept layout designed for comfort and convenience. The spacious family room flows seamlessly into the kitchen/dining combo that provides ample cabinet space and plenty of room to gather. A separate laundry room adds to the home's functionality. All appliances are included, making your move-in a breeze! Upstairs, you'll find four updated bedrooms, including a generous primary suite complete with a large walk-in closet and an en-suite bathroom-perfect for unwinding at the end of the day! Enjoy the sizable backyard, ideal for entertaining or relaxing outdoors. A backyard shed offers additional storage room. The community offers fantastic amenities, including a swimming pool and playground-perfect for family fun and social gatherings. Located just minutes from major interstates and downtown Indy, this home is ideal for first-time buyers, those looking to up-size, or investors seeking a great opportunity. Don't miss your chance to own this well-cared-for home!

See more in Analysis
Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$19,950

Expenses

-$3,602

Property Taxes

-$4,700

Loan Payments

-$14,081

Net Cash Flow

-$2,432

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:Kelly Weaver
Agent License RB14024169
Hoosier, REALTORS®
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22027184
Last Updated: 03/16/2025 23:03
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