$220,000
621 E MCCARTY ST, INDIANAPOLIS, IN 46203
Current Rent **
$2,500
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Very High
Solid ROI in Indy!
This property currently makes $2,500 + on Airbnb and for another $55,000 there can be an additional $1,200 monthly by converting the large 2 car garage into a carriage house. Location drives this property as a solid investment all around. You can't get closer to the city.... a few blocks... and still be tucked in a comfortable historic family neighborhood. This home is blocks from all of the best restaurants and entertainment in Indy. The neighborhood, Fletcher's Place, is a highly desirable area due to it's location and being one of the oldest historic neighborhoods in Indiana.
Location:
621 E MCCARTY ST, INDIANAPOLIS, IN 46203
Report Abuse
* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!