4718 Nowland Ave Indianapolis, IN 46201

This 1946 built, 2 bed / 1 bath in Indianapolis, IN makes sense for any rental investor, even in today's changing real estate market. Prime location in Indianapolis, a Turn Key rental with no rehab!

Property is Vacant, contact Dispo Manager for lockbox info.

Deal Takeaways:

Fully functional Turnkey rental ready to go

High cash flow rental, no rehab

Minutes away from all things Indy

Financials:

ARV: $215,000

Purchase Price: $145,000

Profit Details:

$215,000 ARV

(*) 94% for sale commissions

(-) $145,000 purchase price

(-) $5,000 make ready budget

(-) $5,000 closing / holding cost

(=) $47,100 profit

Rental Profit Details:

$1,200 monthly market rents

(-) $138 monthly tax

(-) $110 monthly insurance

(-) $120 property management

(-) $120 allocation for repairs, vacancy, etc

(=) $712 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1946 Year Build

1,488 Home Square Feet

6,621 Lot Size

August 11th, 2023 Closing

Vacant at close

New appliances

AC 7 years

Water Heater 7 years

Roof 9 years old