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For sale 10 days ago

$99,990

3 bd 1 ba 744 sqft

8123 E 48th St, Indianapolis, IN 46226

Residential SFR Occupied Off MLS

Current Rent **

$1,200

Projected Rent **

$1,357

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

CASHFLOW OR FLIP 3Bd Lawrence, Indiana Ranch

ALL INFO AND PHOTOS: https://www.investbelowmarket.com/property/8123-e-48th-st/

***🏡CASHFLOW 3 Bed Lawrence Ranch***
8123 E 48th St, Indianapolis, IN 46226
WALKTHROUGH To Be Determined
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

ASKING PRICE
$99,990 CASH

AFTER REPAIR VALUE
$160,000
Add closets to 2 Bedrooms

RENTAL ESTIMATE
$1,200
Currently rented $1,200. Rent-O-meter Average Estimate $1,357

PROPERTY DETAILS

Single Family
3 Bed – Need to add closets to 2 of the rooms
1 Bath
Ranch
Slab
Option to Flip If Tenant Leaves
Current Occupancy : Tenant Occupied
Occupancy at Close : Tenant Occupied
Close of Escrow : 05/02/25
Best Offer Due By : 04/02/25 03:00 PM
Non-Refundable Earnest Money Deposit : $5,000
WALKTHROUGH To Be Determined
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

MARKET ACTIVITY

SUBJECT PROPERTY

3 Bed / 1 Bath
COMPARABLES / RECENT ACTIVITY

SOLD $178,000 – 8061 Harrison Dr / 3 Bed / 1 Bath / 744 M/U Sqft
SOLD $171,500 – 7524 E 48th St / 3 Bed / 1 Bath / 864 M/U Sqft
SOLD $165,000 – 8209 E 48th St / 3 Bed / 1 Bath / 792 M/U Sqft
SOLD $162,500 – 8219 Schoen Dr / 3 Bed / 1 Bath / 816 M/U Sqft
SOLD $159,000 – 8436 Harrison Dr / 2 Bed / 1 Bath / 792 M/U Sqft

Location:

8123 E 48th St, Indianapolis, IN 46226

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.