North Linwood Avenue, Indianapolis 1 Sold

$104,500 3 bd, 2 ba, 1338 sqft

North Linwood Avenue, Indianapolis
Characteristics
Bedrooms:          3 beds
Bathrooms:         2 bath
Single Family:     2,338 sq. ft.
Lot Size:             NA
Year Built:          1928
Stories:              1
Parking: Street Parking

Price
$102,500

Income (numbers are based on an annual basis)
$12,600 ($1,050 month)
 

Mortgage Calculation & Closing Costs
$436      Monthly Mortgage Payment (5.5% interest)
$5,232   Annual Mortgage Payment (5.5% interest)
$25,625 Down Payment (25%)
30 Year Loan Term Fixed

Cash to Purchase

Pay all Cash or Use a Loan
$25,625 Total Cash Required (Loan)

 Annual Expense       
$5,232   Mortgage (eliminate this expense if all cash purchase)
$1,788   Taxes
$600      Insurance
$630    Maintenance (5%)
$630    Vacancy (5%)
$1,008   Management (8%)
$2,712 Net Income with Loan Purchase
$7,944 Net Income with all Cash Purchase

Return on Investment          
%7.7      Cap Rate (all cash purchase)
%10.6    Cash-on-Cash Return (purchase with loan)
 

*ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors.

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Property Details

Price:
$104,500
Address:
North Linwood Avenue,
City:
Indianapolis
Year Built:
1928
Terms:
For Sale
Property Type:
Home
Square Feet:
1338
Bedrooms:
3
Bathrooms:
2

Call 317-645-3100 for more details

Property Location

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