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Archived almost 4 years ago

$63,000

2 bd 1 ba

506 S Warman Ave, Indianapolis, IN 46222

Residential SFR

Current Rent **

$900

Projected Rent **

$900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

Wayne Township 3-House Package or Split them up!

506 S Warman Ave, Indianapolis, IN 46222

Single $65,000
Package $63,000

I have three houses on the same street in Wayne Township's Rosemont neighborhood! Each of them are currently occupied by a month-to-month tenant paying less than market rent. You could give notice and do a tenant turn to get more! The cheapest thing that has sold in the last year in the Rosemont neighborhood was $70k AS IS!

We would like to move these as a package and you would be paying a little less per house. However, I have priced them individually as well.

506 S Warman month-to-month tenant is paying $500 per month
Click on picture for additional picture link
Do NOT disturb occupants.

Recent Rosemont Leased or Sold include:
518 S Warman - LEASED $900 per month (2/1, no garage, 894 sf, 23 DOM)
414 S Warman - SOLD $82k AS IS (2/1, no garage, 924 sf, 4 DOM)
315 S Warman - SOLD $110k (2/1, no garage, 820 sf, 15 DOM)
305 S Holmes - SOLD $148k (2/1, 2-car detached, 988 sf, 5 DOM)

509 S Warman Ave,
Indianapolis, IN 46222

Single $65,000 Package $63,000

509 S Warman month-to-month tenant paying $675 per month
Click on picture for additional picture link
Do NOT disturb occupants.

526 S Warman Ave, Indianapolis, IN 46222

Single $65,000 Package $63,000

526 S Warman month-to-month tenant paying $550 per month
Click on picture for additional picture link
Do NOT disturb occupants.

Location:

506 S Warman Ave, Indianapolis, IN 46222

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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.