9147 E Rochelle Dr Indianapolis, IN 46235 $ 62,900 - Indianapolis, Indiana ️ State City…

9147 E Rochelle Dr Indianapolis, IN 46235 $ 62,900 - Indianapolis, Indiana ️ State City…

9147 E Rochelle Dr Indianapolis, IN 46235
$ 62,900 - Indianapolis, Indiana

?Country
? City
? neighborhood

************************
Type of transaction
************************
️ The type of strong, long-term transaction - preparing and renting the property for the tenant
? The property under contract? - Yes, the property is under contract
? Multi-property property? - No

************************
Transaction data and asset
************************
? Buyer Price in Dollars: 62900
? Living Size in Square Fit: Property size in square fit sqft
️ Year of construction: 1962
? Number of units in the property (doors): 1
? Number of bedrooms: 3
? Number of services: 1.5
⛏ Estimating the price for renovation required in dollars: 7000
️ What renovation date should be completed: 12 / 25 / 2018 0: 00: 00
? Have you done this? Yes
? Link to the Axel Renovation Assessment if there is an assessment:
? Promoter escort fee: 4500
? Estimating closing costs and additional costs in dollars: 700
************************
? Total investment (purchase price + renovation price + escort fee + closing costs): 75100
************************

? About the area:
The area is called far east side, and it covers quite a wide area. There are sub-areas that are considered to be from Areas D to Areas B. The property is in sub-area C +, on a quiet and well maintained street. This is a strong rental area, and you can lease a property there relatively quickly. The property taxes are around $ 1000, which makes it possible to get proper returns.

? About the property:
The property is covered in brick and has a garage attached. The house has 3 bedrooms, a total of 4 rooms, and one and a half bathrooms. It is 1257 SFT in size and has a large backyard. Part of the renovation was replacing all floors, painting the house, landscaping, refurbishing the bathroom and the kitchen.

************************
Expected annual revenues
************************
? Monthly rental 850
? Annual rental 10200

************************
Expected annual expenses
************************
Provision for unearned property leased: 850
? Management Company: 1020
? Maintenance: 500
️ Arnona: 800
✍️ Insurance: 600
? Community Payments: 0
? Total annual expenses: 3770

? Net pre-tax annual cash flow:
? Gross Annual Yield: 0
? Net Annual Return: 0

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? Comparative market data
************************
? Estimated market value of the property after renovation: 76000
️ Percentage of total investment relative to market price: 1

************************
? Comparative Market Analysis - First Property:
************************
? Address: 3456 N Luewan Dr Indianapolis, IN 46235
? Living Size in Square Pitt: 1332 sqft
️ Year of construction: 1968
? Number of bedrooms: 3
? Number of services: 2
? Distance from property: 0.4 miles
When did it sell: 9 / 8 / 2018

************************
? Sales Comparative Market Analysis - Second Property:
************************
? Address: 3507 N Brentwood Ave Indianapolis, IN 46235
? Living Size in Square Pitt: sqft 1249
️ Year of construction: 1962
? Number of bedrooms: 3
? Number of services: 1.5
? Distance from property: 0.3 miles
When did it sell: 7 / 11 / 2018

************************
? Comparative Market Analysis - Third Property:
************************
? Address: 3525 N Luewan Ct
Indianapolis, IN 46235
? Living Size in Square Pitt: sqft 1107
️ Year of construction: 1970
? Number of bedrooms: 3
? Number of services: 1
? Distance from property: 0.3 miles
When did it sell: 10 / 8 / 2018











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