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Monrovia, IN 46157

Asking Price

$280,000

Beds

3

Baths

3

Square Footage

2,800 sqft

Property Type

Single Family

Year Built

1982

About This Property

Rare opportunity to own 10 beautiful acres offering rolling hills, mature woods, a private pond, and endless potential! Tucked into a peaceful, wooded setting, this 3-bedroom, 2-bath ranch with a walkout basement is ideal for buyers looking for privacy, acreage, and room to make a property their own. The land is truly the highlight, featuring a gorgeous mix of open and wooded acreage, rolling terrain, and a pond that creates a scenic country setting with plenty of space to explore and enjoy. In addition to the home, the property includes a 720 sq. ft. detached 3-car garage, providing excellent space for vehicles, storage, hobbies, or a workshop, along with an impressive 2,080 sq. ft. barn offering even more possibilities. The ranch home and walkout basement offer a solid footprint with plenty of potential for renovation and personalization. The setting, acreage, and substantial outbuildings create an opportunity that is increasingly hard to find. Whether you're dreaming of a private wooded retreat, space for your hobbies and projects, or simply room to spread out, this property offers the land and setting to bring that vision to life. 10 acres, a pond, mature woods, rolling hills, a large barn, and a 3-car detached garage-all in one property!

Zillow Link: https://www.zillow.com/homedetails/4582-W-Blazing-Star-Trl-Monrovia-IN-46157/336812427_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Deal Calculator

Estimated Net Profit

$66,640

ROI: 23.1%·Cash-on-Cash: 96.7%

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Project Breakdown

Sale Price (ARV)
$392,000
Purchase Price
$280,000
Rehab Budget
$0
Interest (12%, 4 mo)
$8,960
Points (2%)
$4,480
Closing Costs (3%)
$8,400
Selling Costs (6%)
$23,520
Total Cash Required
$68,880
Net Profit
$66,640

Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.

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Contact: Lindsey Smalling

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