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$165,000

Sale Pending
4316 London Ct Unit 20C, Anderson, IN 46013
2 Beds
3 Baths
1,410 Square Feet
0.00 Acres Lot
Built in 1977
Sale Pending
Units n/a
Checked: 1 hour ago
Updated: Oct 07, 2025 at 10:14AM

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
-$278
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Property Description


0.00 Acres Lot
Built in 1977
Sale Pending
Units n/a

Looking for a place that feels like home without all the upkeep? This 2-bedroom, 2.5-bath condo has just what you need. HOA INCLUDES: water, sewer, lawn care, snow removal, use of pool and clubhouse. Have peace of mind knowing the roof is only 4 years old, recently being replaced by the HOA. With two living areas, there's plenty of room to spread out or entertain a larger crowd. The formal dining room adds a nice touch for dinners or get-togethers. Get cozy by the fireplace or enjoy a quiet morning on the fenced-in patio-a perfect outdoor spot that's easy to take care of. The kitchen, featuring stainless steel appliances and vinyl flooring, flows seamlessly between living spaces, making hosting and daily routines easy. The primary bedroom offers an ensuite bath and walk-in closet. Guests can enjoy the secondary bedroom which is also very spacious with the full bathroom just down the hall. You'll also love the 2-car attached garage that offers convenience for parking vehicles and added storage with shelving and cabinetry. The home is conveniently located near the community clubhouse and pool, offering great amenities just steps away. Tucked in a peaceful, well-maintained community, this condo is ready and waiting for you. *** Some photos are virtually staged ***

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Concrete, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $325/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 481125103130.000003
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Ranch
  • Year Built: 1977

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Forced Air
  • Cooling: Central Air

Location

  • County: Madison

Listing Details


Listed by:
Heather Upton
Keller Williams Indy Metro NE
(317) 572-5589

Source:
MIBOR Broker Listing Cooperative
MLS#: 22038281
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
-$278
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Purchase Details

Find an Agent

Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
1,410
Cost per square foot:
$117
Monthly rent per square foot:
$0.85

Financing Details

Find a Lender

Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$781
Property tax:
$0
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$865

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (27%)
27%-$325-$3,900
Total operating expenses: (52%)
52%-$625-$7,500

Cash Flow


Monthly Yearly
Net operating income:
$503 $6,036
Mortgage payments:
-$781 -$9,372
Cash flow:
-$278 -$3,336