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Sold over 2 years ago

$424,800

4 bd 3½ ba 2706 sqft

1531 Ringgold Ave, Indianapolis, IN 46203

Residential SFR Occupied

Current Rent **

N/A

Projected Rent **

$4,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Stacy Preston

Realtor
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Indy House Hack or STR potential

I have a listing that I think has wonderful potential for a Short Term Rental or House Hacking type situation in a prime Indianapolis location (Bates Hendricks/Fountain Square). I think the floorplan would make it great because all the bedrooms connect to a bathroom...It has 4 bedrooms. Two are primary suites and the other two connect to a huge jack n jill bathroom. There's also an office with a door (no closet) that could be a 5th bedroom. Three outdoor spaces which could be maximized by adding cool amenities like outdoor furniture, a firepit, hot tub, etc. There is a 2 car garage and completely private rear entrace for safety of guests, along with additional street parking. This could easily sleep 10. This does not come furnished. AirDNA and Rabbu estimate around $55,000 annually for STR. Steps away from a newly rennovated park.

https://stacypreston.exprealty.com/details.php?mls=116&mlsid=21931594

Location:

1531 Ringgold Ave, Indianapolis, IN 46203

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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.