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Archived over 3 years ago

$57,500

3 bd 1 ba

306 Walnut St, Frankton, IN 46044

Residential SFR

Current Rent **

$1

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Posted By:

Amie Lieurance

Frankton Property: Fun 3/1 FLIP in Frankton-Lapel School District!!

HAPPY FRIDAY!!! I have a great 3/1 flip in the highly desirable Frankton-Lapel school district!! Located in Madison County north of Anderson and about 20 minutes outside of Noblesville, this would be a great one to flip! There are other fixer uppers that have recently sold much higher than this in the 1/4 mile that were flipped and sold! Check out the comps below!

The house comes with two parcel lots including the on it sits on and the one behind it. It is vacant but we have a scheduled showing. Please do not disturb home without us. Reply to this email for showing information.

Recent 1/4 mile pending and sold include:
207 S 4th - PENDING with list price of $179k (3/2, 1705 sf, no garage, 35 DOM)
410 E Plum - SOLD $72k AS IS (4/1, 1878 sf, garage, 76 DOM) was rehabbed and SOLD for $149,900 after 1 day on market!!
403 E Walnut - SOLD $98k AS IS (3/2, no garage, 1632 sf, 43 DOM)
504 E Sigler - SOLD $137,900 (3/2, 1300 sf, no garage, 14 DOM)
207 Short - SOLD $189900 (3/2, 1748 sf, garages, 6 DOM)

Location:

306 Walnut St, Frankton, IN 46044

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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.