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Why Buy and Hold?
 REHABBED, RENTED
AND
CASH FLOWING! 
$675/month Rent
Indianapolis, IN
This charming 3 bedroom, 1 bath single family home is completely remodeled AND
rented - with lease @ $675 per month! 
 
The home comes with a local property manager,
 Free and Clear title.
 
 Check out the ARV* and projected ROI on this property (see below) 
 
 
 
          
                3932 Diamond Ct., Indianapolis, IN  46254
                                   Marion County
  

  

 

Property details


Indianapolis Gateway West neighborhood

Large cul-de-sac lot: 43,650 sq. ft. 
3 bedrooms; 1 bath; 1 car garage
950 sq ft living space on concrete slab
Dining Room patio door opens onto covered backyard deck
 
 
Property manager and renter in place
See "Rental Proforma" below
                      
 
 
 
 

 

 

ARV* Evaluation

 Source

Cyberhomes

$62,563

Zillow

$70,000

Eppraisal

$80,114

Average ARV

 $70,892

*After Repair Value (ARV)

May or may not be actual market value

 

 

Please Note:


All of our properties are sold As-Is, Where-Is, and with All Faults. We ask all of our buyers to perform their due dilligence! We do our best to describe the homes, but it is our opinion and it's not guaranteed. There are no liens on these properties.

 

 

 Rental Proforma

 Income

Monthly Rent

$675

Gross Annual Income**

 $7,290

Net Operation Income (NOI)

$5,574

Monthly expenses

Taxes

$81

Insurance

$62

Management Fee (10%)

 $67.50

** Based on 10% vacancy
 NOI = (monthly rent - monthly expenses)*12
 
 
 
 
 
 
 
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