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Archived about 5 years ago

$15,000

3 bd 1 ba 1479 sqft

1127 N Grant, Indianapolis, IN 46201

Residential SFR Occupied Off MLS

Current Rent **

$775

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Mansoor K.

Indianapolis seller financed (land contract) deal

This is a great seller financed deal that I'd like to transfer to another investor. Great rental neighborhood. Monthly mortgage payment is $435. Current rent is $775. The current tenant is leaving at the end of January. Cash on cash potential: 16%. The best part about this seller financed deal is that no bank is involved (so no worries about credit checks, income etc.). You'll be dealing directly with the owner; a great way to start or grow your real estate portfolio. I am asking $15,000 to re-assign the contract to you (this money includes the down payment that I've already paid and work I've done on this house so far).

Location:

1127 N Grant, Indianapolis, IN 46201

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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.