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Archived about 1 month ago

$75,000

2 bd 1 ba

1450 Blaine Ave, Indianapolis, IN 46221

Residential SFR

Current Rent **

$1,000

Projected Rent **

$1,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

⭐ Indy's West Side BRRRR or Flip on Blaine!!

Located on Indy's near west side, this one could be a flip or a BRRRR. There are a couple flips in the comps and I also found great rent comps.

Vacant and ready to see, reply for access information!!

Roof - 20 years
Furnace - 20 years
Water Heater - 6 years
Windows - some vinyl

Recent leased or sold in the 1/4 mile include:
1759 Howard - LEASED $1025 per month (2/2, ONLY 698 sf, no garage)
1446 Hiatt - LEASED $1150 per month (2/1, 1152 sf, 1-car detached)
1758 Morgan - SOLD $145k (2/1, 904 sf, no garage, 9 DOM)
1510 Hiatt - SOLD $160k (2/1, 784 sf, 2-car detached, 48 DOM)

Location:

1450 Blaine Ave, Indianapolis, IN 46221

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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.