839 Eastern Ave

Indianapolis, IN 46201
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3 bd, 2 ba | 2,080 sqft | Built in 1909

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List Price
$230,000

Initial Investment

$62,675

Purchase Price

$230,000

Down Payment

25%

Rent

$1,190

Total Return

$128,888

Annualized Return

22.9%

Cap Rate

3.2%

Gross Yield

6.2%

Cash Flow

-$5,703

Appreciation

11.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,398

HOA

None

Flood Risk

Not Required

Historic charm with renovations done right, this captivating Craftsman bungalow in Indianapolis's St. Clair Place neighborhood offers the perfect blend of classic character and modern convenience. Step inside to find original hardwood floors, rich oak woodwork, and a beautiful staircase. The spacious, updated kitchen makes cooking at home a joy, and with a sun-drenched dining room, guest bath, generous living room, and foyer on the main floor, you might decide to do some entertaining. Or simply unwind after a long day in the private fenced-in backyard. Enjoy your morning coffee on the front porch, waving at neighbors visiting a little free library along the quiet tree-lined street. The fully remodeled upstairs bath provides a modern layout with lots of storage. There are three upstairs bedrooms, all with generous closets. The professionally waterproofed basement offers additional functionality, with space for laundry, storage, and even a play area. Recent upgrades include all-new exterior siding, soffit, and gutters, as well as the return of a charming picture window to the dining room. The loving care invested in this home is evident throughout, with newer AC, fridge, and dishwasher. The home's close proximity to downtown Indianapolis makes it the perfect location to create lasting memories.

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

Annual Financial Highlights

Expected Rent

$13,566

Expenses

-$2,415

Property Taxes

-$4,350

Loan Payments

-$12,504

Net Cash Flow

-$5,703

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:Sylva Zhang
Agent License RB20000835
@properties
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #21991018
Last Updated: 07/20/2024 17:07
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