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Sold over 5 years ago

$205,000

4 bd ba 1738 sqft

5109 N Capitol, Indianapolis, IN 46208

Residential SFR

Current Rent **

$2,500

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Medium

Butler/Tarkington Investment property Flipping or Leasing

Home in the heart of popular Butler/Tarkington.  Great for a family or as a rental close to Butler University.  Purchase price of $205,000.  Estimated fix up costs to flip would be $46,000 for a sales price of $325,000. (Compared to the next door neighbors that just sold this one would be at $323,268,00 to be exact:)).  Another neighbor's home is being renovated and will be going on the market for $650,000 (they claim they already have a buyer).  Let me know what questions I can answer for you as I know the area well; living here for 42 years and working in real estate here for over 16 years.

Location:

5109 N Capitol, Indianapolis, IN 46208

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* 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.