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$200,000

Sold
4134 Bella Ct, Indianapolis, IN 46237
2 Beds
2 Baths
1,810 Square Feet
0.18 Acres Lot
Built in 2006
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 25, 2025 at 12:25AM

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
$302
Cap Rate
8.0%
Cash-on-Cash Return
7.9%
Debt Coverage Ratio
1.29
Internal Rate of Return (5 years)
11.7%

Property Description


0.18 Acres Lot
Built in 2006
Sold
Units n/a

Impressive LaScala Villas! 2 Bedrooms, 2 Full Baths, 2 Car Attached Garage. Carefree living with Common Area Maintenance, Lawncare and Snow Removal, all done for you. Just relax and enjoy! Over 1800 s.f. of comfy living. Family Room has entire wall of windows which makes it so light, bright and airy! 21x14 open concept Great Room has beautiful Stone gas log fireplace and vaulted ceiling. You have both a Dining Room and Kitchen with Snack Bar. Beautiful granite counters, ceramic tile floor, stainless steel appliances. 14x13 Master Bedroom has vaulted ceiling as well. Enjoy Master Bath with Double sinks and walk-in tub/shower, tile flooring. Absolute elegant living close to everything. Seller providing a 1 year home warranty.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $650/annually

Land Information

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

Lot Information

  • Parcel ID: 491516107032.000500
  • Lot Size: 7906 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2006

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air

Location

  • County: Marion

Listing Details


Listed by:
Scott Smith
Keller Williams Indy Metro S
(317) 893-1622

Source:
MIBOR Broker Listing Cooperative
MLS#: 21585593
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
$302
Cap Rate
8.0%
Cash-on-Cash Return
7.9%
Debt Coverage Ratio
1.29
Internal Rate of Return (5 years)
11.7%

Purchase Details

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Purchase price:
$200,000
Amount financed:
-$160,000
Down payment:
$40,000
Closing costs:
$6,000
Rehab costs:
$0
Initial cash invested:
$46,000
Square feet:
1,810
Cost per square foot:
$111
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,024
Property tax:
$0
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,164

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (3%)
3%-$54-$648
Total operating expenses: (28%)
28%-$554-$6,648

Cash Flow


Monthly Yearly
Net operating income:
$1,326 $15,912
Mortgage payments:
-$1,024 -$12,288
Cash flow:
$302 $3,624