Bertrand Road, Indianapolis Sold

3 bd, 1 ba, 925 sqft

Sold

Bertrand Road, Indianapolis

Characteristics
Bedrooms:            3 beds
Bathrooms:           1 bath
Single Family:       925 sq. ft.
Lot Size:               NA
Year Built:            1955
Stories:                 1
Parking:                Street

Price
$69,000

Income (numbers are based on an annual basis)
$9,600 ($800 month)
 
Mortgage Calculation & Closing Costs
$294      Monthly Mortgage Payment (5.5% interest)
$3,528   Annual Mortgage Payment (5.5% interest)
$17,250 Down Payment (25%)
30 Year Loan Term Fixed

Cash to Purchase
Pay all Cash or Use a Loan
$17,250   Down Payment (25%)
$2,070     Closing Costs (3%)
$19,320   Total Cash Required

Annual Expense       
$3,528 Mortgage (eliminate this expense if all cash purchase)
$1,260 Taxes
$600    Insurance
$480    Maintenance (5%)
$480    Vacancy (5%)
$960    Management (10%)
$7,308   Total Expense with Loan
$3,780   Total Expense Cash Purchase

Net Income    
$5,820 Cash Purchase / $2,292 Loan Purchase

Return on Investment          

8.4% Cash-on-Cash Return (all cash purchase)

13% Cash-on-Cash Return (purchase with loan)

Property Details

Address:
Bertrand Road, Indianapolis
State:
In
Terms:
For Sale
Property Type:
Home
Square Feet:
925
Bedrooms:
3
Bathrooms:
1

Call 317-645-3100 for more details

Property Location

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!