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!
Deal Calculator
Estimated Net Profit
$66,640
ROI: 23.1%·Cash-on-Cash: 96.7%
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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