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Archived almost 2 years ago

$65,000

3 bd 1 ba

4907 Ribble Rd, Indianapolis, IN 46218

Residential SFR

Current Rent **

$1,050

Projected Rent **

$1,050

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

Ribble 3/1 Flip or Hold with Equity!

Check out this 3/1 on Indy's near northeast side! This would be a great rental property with equity or there is room for a flip based on 1/4 mile comps. The bigger ticket items are newer here so that will help you on the rehab!!

Roof - 6 years
Furnace - 6 years
Water Heater - 6 years
Windows - 6 years

Do NOT disturb occupants. Reply for showing information.

Recent 1/4 mile sales include:
3044 Manor Ct - SOLD $85k AS IS (3/1, 925 sf, 1-car attached, 3 DOM)
3161 N Arthington - SOLD $131,500 AS IS (3/1, 943 sf, no garage, 40 DOM)
2944 Arthington - SOLD $160k (3/1.5, 1176 sf, 1-car attached, 3 DOM)

Location:

4907 Ribble Rd, Indianapolis, IN 46218

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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.