$298,900 · INDIANAPOLIS, IN 46236
Works for flippers · Landlords would lose money

Sold

$298,900Asking price

3 bd · 3.5 ba · 3,064 sq ft · built 1985

INDIANAPOLIS, IN 46236

No contract on file

via InvestorLift Classic

6 views · listed Oct 27

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $500,000
Asking price: −$298,900
RepairsMiddle of the seller’s $75,000 – $100,000. Ours: $77,500 – $140,000: −$87,500
Loan, holding, closing20% down, 12% interest, 2 points, 95 days: −$36,218
Profit15.5% of ARV · flippers want 10%+: $77,382
Works

Works for a flipper up to $324,000.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

Sales

Rents

ARV $500,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $800,000.

The sales behind this value are shown to members.

ARV $500,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Seller Description

For more details, Call/Text Lily: (317) 644-2554

Spacious 3 Bed, 3.5 Bath home in the desirable Geist Lake community, featuring an attached 2-car garage, full finished basement with bonus room, vaulted ceilings, multiple decks, and two wood-burning fireplaces. Vacant and currently livable, the property offers two upstairs bedroom suites, a solid foundation with level floors, a 12-year-old roof in good condition, functional plumbing and electrical, and a granite kitchen with stainless steel appliances. Main value-add opportunities include replacing the central A/C and furnace, updating flooring and bathrooms, fresh paint, modern lighting, and minor repairs. The finished basement offers potential for a fourth bedroom. Located in a wooded lake community with rentable boat docks, the property has a $505/month HOA covering exterior maintenance and landscaping. Excellent opportunity for investors seeking to modernize and reposition a spacious home for resale or rental.