8403 Lookout Ct
Indianapolis, IN 46217
List Price
$359,900
Initial Investment
$98,073Purchase Price
$359,900
Down Payment
25%
Rent
$1,790
Total Return
$188,813
Annualized Return
21.8%
Cap Rate
3.1%
Gross Yield
6.0%
Cash Flow
-$9,292
Appreciation
10.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
19,994
HOA
None
Flood Risk
Not Required
Stunning custom 2-story home on a nearly half-acre lot with mature trees and an 18x17 screened-in porch surrounded by large deck for enjoying the relaxing outdoor living. A 2-story great room with a cozy fireplace welcomes you as you step inside, flowing into a formal dining room if you would like one or a extension of the great room. With this open floorplan you will have an eat-in kitchen that opens to the sunroom and also attached to the kitchen. The kitchen boasts stainless steel appliances, granite counters, and ample counterspace and cabinets. This open space is perfect for entertaining. Retreat to the Master Suite with a walk-in closet, double vanity sinks, and serene backyard views. Three additional bedrooms, a small loft area, and a finished basement with a half bath provide plenty of space for everyone. New HVAC ensures year-round comfort in this beautiful home!
See more in Analysis
Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254
Annual Financial Highlights
Expected Rent
$20,406Expenses
-$3,632Property Taxes
-$6,500Loan Payments
-$19,566Net Cash Flow
-$9,292See 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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Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22019188
Last Updated: 01/24/2025 22:01
MLS #22019188
Last Updated: 01/24/2025 22:01