Fix And Flip Cash Flowing

Rent Ready SFR 30% Discounted! Rent for $1350-$1500/mo + Utilities

1509 S Rural St, Indianapolis, IN 46203

$195,000 After Repair Value -
$110,000 Asking Price -
$5,000 Cost of Repairs =
$80,000 Potential Profit

Property Details

Asking Price $110,000

After Repair Value $195,000

Costs of Repairs $5,000

Potential Profit $80,000

Living Area 1108 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $1,500

Yearly Expenses $4,500

Property Taxes $400

Net Operating Income $13,550

Cap Rate 12.27

Property Description

1509 S Rural St – Cliff NotesDeal SnapshotSFR | 3/1 | 1,108 sqft | 4,704 lot | 1971Asking: $135kRehab: $5k (paint + minor cosmetics only)All-in: $140kARV: $219kMoneyMarket rent: $1,500/moNOI (market): ~$12,600Cap rate: ~9%DSCR-friendly / strong cash-flow holdWhy it worksBasically move-in readyNext-door renovated comps support the ARVSolid South Side / Fountain Square rental demandSection 8 friendly (3BR FMR ~$1,900)Quick equity + cash-flow play.Summary: - -

Repairs Needed

Value CAN Be added, but doesn\'t need much of anything

CONTACT LISTING OWNER

Jamie Franklin

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