This property is a 3 bedroom, 1.5 bathroom brick ranch house located at 3955 N Grant Street in Indianapolis, Indiana. It sits on 0.41 acres and has a 2 car garage. The house is currently rented for $983 per month and has had a long term tenant for the past few years. Key details include the house being assessed at $102,700, having a 10.4% cap rate, and providing a great opportunity for long term investment.

1. 
3955 N Grant Street, Indianapolis, In 46226
Turn-Key Rental in Indianapolis ~ Brick Ranch in Nice Area ~ Rented for 983 per month!

2. Great opportunity to own a turn-key rental in Washington
township, Indianapolis, Indiana. The hard work has been on
this property and it has a long term tenant for last few years.
It’s rented at $983 per month. This is a 3 bedroom, 1.5
bathroom brick ranch with a 2 car garage. It sits on .41 acres.
This property is assessed $102,700. Great property for a
longer-term investor.

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9. Details
• Details about Property:
• Washington Township, Indiana ~ Long Term Tenant
• 3 Bedrooms, 1.5 Bathrooms, Brick Ranch, .41 Acres, nice yard, 2 Car
Garage, Basement, 1247 Finished Sq Feet, Mature Trees,
• Assessed at $102700
• Rented: $983 per Month
• ARV: $75-100K
• Year Built: 1956
• Semi-Annual Taxes: $1056 (No Homestead)

10. Active and Sold Comps in Area

11. Tax Report

12. Cap Rate
• Cap Rate on Property
• Rented per Month: $983
• Rented per Year: $11796
• Expenses:
• Vacancy and Maint (15%) = $147.50
• Management: (10%) = $98.30
• Taxes: $176
• Insurance: $40
• Washington Township, Indiana ~ Long Term Tenant
• Total Expenses per Month: $461.80
• Net Rent per Month: $521.20
• Net Rental Income per year: 6254.40
• Cap Rate: 6254.40 / 59,900 = 10.4%