6213 E 24th St Indianapolis, IN 46219 | Granger Brown

6213 E 24th St Indianapolis, IN 46219

Financial Details
Current Rent$750
Property StatusUnder Contract
Purchased with financing:
Cap Rate19.40%
Annual Income$3,216.00
Monthly Income$268.00
Down Payment$14,000
Purchased with all cash:
Cap Rate10.00%
Annual Income $7,032.00
Monthly Income $586.00
Property Details
Year Built1948
Square Feet933 sqft
Bedrooms2
Bathrooms 1
Lease TermPending Lease
Insurance*$40.00
HOA Fees*$0.00
Property Management Fee*$52.50
Taxes*$71.50
* Fees are estimated monthly values
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39.8015246, -86.0586758
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Disclaimer

Disclaimer: There are no implied or expressed guarantees on this property profile page. Real Estate Investments are subject to risk and loss of capital. All numbers provided are projections based on historical data, but future performance cannot be guaranteed as markets and economies shift. Rents, property taxes, insurance, loan rates, maintenance and vacancy costs all vary depending on micro and macro-economic factors. Vacancy and Maintenance are not included in this page but should be factored into any individual's own calculation of performance. Investors should perform their own due diligence to best forecast the potential performance of their rental properties. *Taxes, Insurance, Fees, Purchased with Financing Cap Rate, Purchased with Financing Annual Income, Purchased with Financing Monthly Income, Purchased with Cash Cap Rate, Purchased with Cash Annual Income and Purchased with Cash Monthly Income are estimates only, not guaranteed and are subject to change. Loan rate for Leveraged Cap Rate is estimated at 5.5% and is subject to change. You may want to consult with an accountant, attorney, real estate agent or financial advisor before proceeding with any transaction regarding securities or real estate.

Financing Options

Our properties have the ability to qualify for conventional loans in which our buyers can purchase these properties with 20% down or less. Based on current rents this could potentially increase the returns of each property. If needed we can refer you to different lending institutions.

Property Management Details

Having a competent and efficient property manager can be extremely important in the process of owning rental homes. If needed we can recommend you to a few different property managers.