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Archived almost 5 years ago

$70,000

3 bd ba 1488 sqft

1518 E 49th St, Indianapolis, IN 46205

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$1,250

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

South Broad Ripple single family only $70K

South Broad Ripple area frame single family only $70,000 Estimated after rehab value $190,000. Frame single family with 3 beds, 1.5 baths, 1488 sq feet, single car garage, unfinished basement. Rehab property and can finish the basement to add beds and full bath. Rehabbed sold comparables in the South Broad Ripple area Indianapolis, IN sold within 1/2 mile away and in the last 6 months average $70,000. Property can rent for up to $1250 per month.

Location:

1518 E 49th St, Indianapolis, IN 46205

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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.