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$235,000

For Sale - Active
2011 Timbercrest Dr, Columbus, IN 47203
4 Beds
3 Baths
1,848 Square Feet
0.17 Acres Lot
Built in 1965
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Sep 06, 2025 at 10:56PM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$130
Cap Rate
6.3%
Cash-on-Cash Return
2.9%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
6.8%

Property Description


0.17 Acres Lot
Built in 1965
For Sale - Active
Units n/a

Welcome home to this beautiful 4-bedroom, 2.5-bath ranch with a basement, attached 2 car garage, and no HOA! From the moment you step inside, you'll notice thoughtful upgrades throughout-including a brand new kitchen floor (2024) and a stylish updated half bath (Winter 2024). The exterior is just as impressive with new siding, soffits, and gutters (October 2024), and a new roof (December 2023), offering peace of mind for years to come. Enjoy the flexibility of a basement with added flooring (Spring 2022)-perfect for entertaining, a playroom, or extra living space. The basement includes a large bedroom, full bathroom, and laundry space-perfect for guests or extra living.The fenced backyard is ideal for pets or gatherings, and the spacious layout offers room for everyone to spread out. Located in a nice neighborhood with no HOA restrictions, this home truly checks all the boxes. All appliances stay, including the refrigerator, stove, microwave, washer, and dryer-making this home truly move-in ready. Don't miss your chance to own a move-in-ready gem with major updates already done! Schedule your showing today.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial

Exterior Features

  • Foundation: Block

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 039616340007.800005
  • Lot Size: 7475 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Prairie
  • Year Built: 1965

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Window Unit(s)

Location

  • County: Bartholomew

Listing Details


Listed by:
Andrea Anderson
Berkshire Hathaway Home
(812) 276-8044

Source:
MIBOR Broker Listing Cooperative
MLS#: 22054937
MIBOR Broker Listing Cooperative

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$130
Cap Rate
6.3%
Cash-on-Cash Return
2.9%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
6.8%

Purchase Details

Find an Agent

Purchase price:
$235,000
Amount financed:
-$188,000
Down payment:
$47,000
Closing costs:
$7,050
Rehab costs:
$0
Initial cash invested:
$54,050
Square feet:
1,848
Cost per square foot:
$127
Monthly rent per square foot:
$0.97

Financing Details

Find a Lender

Loan amount:
$188,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,112
Property tax:
$0
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,238

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$450-$5,400

Cash Flow


Monthly Yearly
Net operating income:
$1,242 $14,904
Mortgage payments:
-$1,112 -$13,344
Cash flow:
$130 $1,560