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Near East 3 Pack
Hart Lake Bungalow
St Clair Select

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Home
Near East 3 Pack
Hart Lake Bungalow
St Clair Select
More
  • Home
  • Near East 3 Pack
  • Hart Lake Bungalow
  • St Clair Select
  • Home
  • Near East 3 Pack
  • Hart Lake Bungalow
  • St Clair Select

NEAR EAST side 3 pack

    Near East 3 pack

    Three of the HOTTEST A Class Neighborhhods in Indy 

    Deal a (SOLD)

    Holy Cross Honey

    4 Bed / 2.5 Bath

    3957 ft2 -Total 

    3100 ft2 - Living space above bsmt

    2 Story - fully finished attic, & bsmt wine cellar

    Vacant - Prev lease $3000/mo; tenant offer for Jan 2021 lease @ $3000/mo

    Gross rents: $3000/mo

    NOI: $23,433/yr

    As Is Market Value: $485,000

    ARV: $550,000

    Buy Price: $377,000

    Cosmetic updates: $50-65k

    Current CAP Rate: 6.2%

    Est ROI: $92k = 21%


    Strategy: 

    1. Buy & list 'as is'

    2. Buy & cosmetic rehab, flip at full retail

    3. Buy & hold A neighborhood

    DEAL SHEET DETAILS

    NUMBERS


    COMPS

    Pictures

    Deal a (SOLD)

    Holy Cross Honey

    4 Bed / 2.5 Bath

    3957 ft2 -Total 

    3100 ft2 - Living space above bsmt

    2 Story - fully finished attic, & bsmt wine cellar

    Vacant - Prev lease $3000/mo; tenant offer for Jan 2021 lease @ $3000/mo

    Gross rents: $3000/mo

    NOI: $23,433/yr

    As Is Market Value: $485,000

    ARV: $550,000

    Buy Price: $377,000

    Cosmetic updates: $50-65k

    Current CAP Rate: 6.2%

    Est ROI: $92k = 21%


    Strategy: 

    1. Buy & list 'as is'

    2. Buy & cosmetic rehab, flip at full retail

    3. Buy & hold A neighborhood

    DEAL SHEET DETAILS

    NUMBERS


    COMPS

    Pictures

    Deal B (SOLD)

    Arsenal Heights All Star

    4 Bed / 3 Bath

    4290 ft2 -Total 

    3672 ft2 - Livable above bsmt

    2 Story w  - 3 access pts to bsmt laundry, easy to fully finish

    Occupied - Leased through June 2021

    Gross rents: $3000/mo

    NOI: $26,223/yr

    Market Value: $515,000

    ARV: $550,000

    Buy Price: $376,500

    Cosmetic updates: $25-35k

    CAP Rate: 7%

    Est ROI: $100k = 24% 


    Strategy: 

    1. Buy & hold in A graded neighborhood

    2. Buy & 6 mo hold,  small cosmetic rehab, 

    flip at full retail in summer market

    3. End lease early w tenant option, small cosmetic update, be first on the Spring market

    DEAL SHEET DETAILS

    NUMBERS


    COMPS

    Pictures

    Deal C (SOLD)

    Woodruff Winner

    3 Bed / 3 Bath 

    2 Story

    2632 ft2 -Total 

    1912 ft2 - Livable above bsmt

    Occupied - Leased through Feb 2021

    Gross rents: $1950/mo

    NOI: $12,858.62

    Market Value: $315,000

    Buy Price: $212,500

    CAP Rate: 6%


    DEAL SHEET DETAILS

    NUMBERS


    COMPS

    Pictures

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