Strathmore Drive Sold

$60.000 1 bd, 3 ba, 1236 sqft

Strathmore Drive, Indianapolis

Characteristics
Bedrooms:          3 beds
Bathrooms:         1 bath
Single Family:     1,236 sq. ft.
Lot Size:               NA
Year Built:           1965
Stories:                1
Parking: 1 Car Attached Garage
Price
$60,000
Income (numbers are based on an annual basis)
$9,000 ($750 month)
 
Mortgage Calculation & Closing Costs
$256      Monthly Mortgage Payment (5.5% interest)
$3,072   Annual Mortgage Payment (5.5% interest)
$15,000 Down Payment (25%)
30 Year Loan Term Fixed

Cash to Purchase
Pay all Cash or Use a Loan
$15,000 Total Cash Required (Loan)

 
Annual Expense       
$3,072   Mortgage (eliminate this expense if all cash purchase)
$1,068   Taxes
$600      Insurance
$450    Maintenance (5%)
$450    Vacancy (5%)
$720   Management (8%)
$2,640 Net Income with Loan Purchase
$5,712 Net Income with all Cash Purchase

Return on Investment          
9.5%      Cap Rate (all cash purchase)
14.9%    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:
$60.000
Address:
Strathmore Drive
City:
Indianapolis
State:
In
Year Built:
1965
Terms:
For Sale
Property Type:
Home
Square Feet:
1236
Bedrooms:
1
Bathrooms:
3

Call 317-645-3100 for more details

Property Location

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