Indianapolis, IN 46227
Asking Price
$39,900
ARV Estimate
$225,000
Est. Spread
+$185,100
Beds
3
Square Footage
1,008 sqft
Property Type
Single Family
Year Built
1920
Lot Size
26,136 sq ft
About This Property
π₯ INDIANAPOLIS, IN β LIGHT REHAB INVESTMENT OPPORTUNITY
Investors β here's an opportunity to take on a minor renovation project in Indianapolis! This property is available at a low entry point for investors looking to renovate, add value, and potentially resell or hold as a rental. Please note this house is being sold with a squatter and you will need to remove them.
PROPERTY HIGHLIGHTS
Approximately 1,792 SF
3 Bedrooms
Single-family home
Large lot of approximately 0.6 acres
Basement
Built around 1920
PROPERTY CONDITION β LIGHT REHAB
Occupant has been there since 2018 and stopped paying this year.
Newer roof
Newer siding
Basement flooding noted
Furnace condition and potential replacement need to be verified
Potential for hidden water damage, mold, electrical issues, and structural concerns
Extensive repairs may be needed depending on inspection findings
Asking Price: $39,900
Estimated ARV: $225,000
NO INTERIOR PHOTOS, NO ACCESS, BEING SOLD AS-IS.
Text LaithΒ 380-270-1216 to lock it in or for more details
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Deal Calculator
Estimated Net Profit
$168,488
ROI: 410.0%Β·Cash-on-Cash: 1716.6%
Project Breakdown
- Sale Price (ARV)
- $225,000
- Purchase Price
- $39,900
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $1,277
- Points (2%)
- $638
- Closing Costs (3%)
- $1,197
- Selling Costs (6%)
- $13,500
- Total Cash Required
- $9,815
- Net Profit
- $168,488
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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