3302 N Butler Ave, Indianapolis, IN 46218 | Granger Brown

3302 N Butler Ave, Indianapolis, IN 46218

Financial Details
Current Rent$750
Property StatusUnder Contract
Leveraged Cap Rate8.82%
Leveraged Annual Income$1,376.40
Leveraged Monthly Income$114.70
Down Payment$13,000
Cash Cap Rate7.57%
Cash Annual Income $4,919.40
Cash Monthly Income $409.95
Property Details
Year Built1958
Square Feet925 sqft
Bedrooms3
Bathrooms 1
Lease Term -
Insurance*$50.00
HOA Fees*$0.00
Property Management Fee*$52.50
Taxes*$115.00
Vacancy*$62.55
Maintenance*$60.00
* Fees are estimated monthly values
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39.8167571, -86.0804564
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Lease and Tenant Summary

We offer an optional Sale/Lease back program for each property in which Granger & Brown will sale the property and lease it back for a set period of time. During that lease we’ll take on the responsibility of any vacancy or maintenance issues while paying a set monthly amount for the duration of the lease. We would be happy to discuss this option with you.

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

$13000
$65000