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$435,000

Sale Pending
926 Olive St, Indianapolis, IN 46203
3 Beds
3 Baths
1,884 Square Feet
0.08 Acres Lot
Built in 1880
Sale Pending
Units n/a
Checked: 44 minutes ago
Updated: Jun 26, 2025 at 03:05AM

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
-$20
Cap Rate
6.1%
Cash-on-Cash Return
-0.2%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.8%

Property Description


0.08 Acres Lot
Built in 1880
Sale Pending
Units n/a

Looking for a walkable home in the heart of one of Indy's most exciting neighborhoods? Don't miss this stunning renovation in Fountain Square! Natural light fills this beautifully reimagined home, located just one block from the vibrant center of all that Fountain Square has to offer. Taken down to the studs and thoughtfully rebuilt, this 3-bedroom, 2.5-bath gem seamlessly blends historic charm with modern luxury. Step into a bright, open living space featuring soaring ceilings, luxury vinyl plank floors, and abundant natural light, enhanced by recessed lighting throughout. The gorgeous kitchen is a chef's dream with stainless steel appliances, an oversized island with breakfast bar seating, and a striking glass tile backsplash. Downstairs, two spacious bedrooms offer plush carpeting and generous closet space. Upstairs, retreat to the expansive primary suite complete with vaulted ceilings, a skylight, and a Juliet balcony - the perfect peaceful escape. The spa-like primary bath features a separate water closet, a deep soaking tub, a custom oversized shower, and a generous walk-in closet. Enjoy the outdoors with a fenced front yard, a private backyard oasis, and a detached garage for added convenience. Just steps from Fountain Square's best dining, shopping, and entertainment, this home is a rare opportunity to live in one of the city's most exciting neighborhoods. Schedule your showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Detached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Attic: Yes
  • Basement: Yes

Land Information

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

Lot Information

  • Parcel ID: 491007159002.000101
  • Lot Size: 3398 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TraditonalAmerican
  • Year Built: 1880

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air, Natural Gas

Location

  • County: Marion

Listing Details


Listed by:
Andrew Kirk
@properties
(317) 250-5264

Source:
MIBOR Broker Listing Cooperative
MLS#: 22033816
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
-$20
Cap Rate
6.1%
Cash-on-Cash Return
-0.2%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.8%

Purchase Details

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Purchase price:
$435,000
Amount financed:
-$348,000
Down payment:
$87,000
Closing costs:
$13,050
Rehab costs:
$0
Initial cash invested:
$100,050
Square feet:
1,884
Cost per square foot:
$231
Monthly rent per square foot:
$1.70

Financing Details

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Loan amount:
$348,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,228
Property tax:
$0
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,452

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$800-$9,600

Cash Flow


Monthly Yearly
Net operating income:
$2,208 $26,496
Mortgage payments:
-$2,228 -$26,736
Cash flow:
$20 $240