843 Olmsted Dr

Shelbyville, IN 46176
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3 bd, 2 ba | 1,374 sqft | Built in 2005

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List Price
$190,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,530

Total Return

$103,385

Annualized Return

26.1%

Cap Rate

6.8%

Gross Yield

9.9%

Cash Flow

$1,753

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

None

Flood Risk

Not Required

This well-maintained ranch home features 3 bedrooms, 2 full bathrooms, spacious great room, updated kitchen and 2 car attached garage. Primary bedroom includes en suite bath and walk in closet. Updated flooring throughout, new roof and furnace in 2020, new water heater in 2021. Great neighborhood and convenient location - close to schools, shopping and restaurants plus easy access to I-74 and 65.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$17,442

Expenses

-$3,882

Property Taxes

-$1,750

Loan Payments

-$10,058

Net Cash Flow

$1,753

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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Similar Listings



Listing Courtesy of:Rebecca Allen
Agent License RB14046240
F.C. Tucker/Sirkus-Allen
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMetropolitan Indianapolis BOR (MIBOR/BLC)
MLS #21907130
Last Updated: 02/23/2023 17:02
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