$34,000 INDIANAPOLIS. Renovated And Tenanted 4 Bed Home. 16.6% Net Yield

  • Price: 34000.00 $
  • Bedrooms: 4
  • Bathrooms: 1

3253 N Downey Ave, Indianapolis, IN 46218 is a spacious 4 bedroom single family home which is located in the popular Arlington Woods district to the south of WES Montgomery Park in east Indianapolis.

The property has been renovated and is already let to section 8 tenants on a renewable 12 month lease ensuring an excellent income from day one.

Please note that the photographs shown were taken in 2013 prior to refurbishment works. As part of the purchase process, a Home Inspection Report will be provided containing numerous current photos.

Built in 1971, the property measures 1,000 square feet on a lot of 6,534 square feet.

This property is priced to sell now and offers an excellent net yield.

Unlike many of our competitors, we take into all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:


Sale Price: $34,000

Fixed closing costs: $2,500 (Including Inspection Report)

Total Outlay: $36,500

Rent: $7,920

Taxes: $899
Insurance: $360
Management: $600
Total Outgoings: $1,859

NET income: $6,061

NET yield: 16.6%

Please complete the Enquiry Form to request further info or to reserve this property.

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