$105,000
2920 S Walcott St, Indianapolis, IN 46203
Current Rent **
$1,300
Projected Rent **
$1,300
Estimated Rent †
Estimated Rent Confidence ‡
Low
Indy South Side 3/1 could fetch 1% Rent Rule!!
Check out this great 3/1 located on Indy's south side!! Houses in the Horths Troy Ave neighborhood have sold as high as $165k in the last year and there is one pending now with list price of $175k. Rents are strong around here with 3/1's renting between $1250-1300 per month. You could buy this one and get the 1% rent rule!
Recent same neighborhood sales include:
2926 S Walcott - SOLD $117k AS IS (3/1, ONLY 912 sf, no garage)
2726 Dawson - SOLD $163k (3/1, 2-car detached, ONLY 912 sf, 8 DOM)
2749 S Walcott - SOLD $165k (3/1, 1-car attached, ONLY 912 sf, 21 DOM)
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Location:
2920 S Walcott St, 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.
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