6954 Beargrass Ct
Indianapolis, IN 46241
Total return (IRR)
14.4%
Projected appreciation
6.0%
Rental yield
8.4%
Token price
$50.00
This property is sold out.
Property Details
| Single family home | |
| 3 bedroom | |
| 2 bathroom | |
| 1,240 sq.ft. | |
| $1,800/month rent |
We found your happy place: A joyful three-bedroom, two-bath home nestled on a beautiful lot in Glenwoods! There is a newer roof, HVAC, and water heater to keep keep you snug as a bug during the coming cool Autumn nights next to your wood burning fireplace. You have to see this adorable, move-in ready home, that is economically priced. We love that there is a nice size backyard that is great for entertaining with a shed, an attached garage, and the cozy vibe inside. Most of all, we love that you can be a homeowner for less than it costs to rent! Also, there is a fully paid for year membership of TruGreen lawn care maintenance that transfers to the new owner.
Financials
Total investment
$234,850
Property price
$215,000
Closing costs
$2,150
Tokenization fee
$500
Maintenance reserve, 3%
$6,450
Listing fee, 5%
$10,750
Number of tokens
4,697
Token price
$50.00
Market Overview
Indianapolis is the seat of Marion County. The latest Housing Market Report (Marion County) from the “Indiana Association of Realtors” shows that inventory remained tight in April 2022. The supply of homes has not increased in tandem with the surge in demand, resulting in continued upward pressure on home prices. Indianapolis & the entire Marion County is a seller’s real estate market. The year-over-year comparisons illustrate how April 2022 compared to April 2021.
- Median Sales Price increased by 16.5% to $233,000 in April 2022.
- Percent of Original List Price Received increased by 2% to 101.8%.
- New Listings decreased by 13% to 1,656 units for sale.
- Closed Sales decreased by 7.6% to 1,309 units.
- Months Supply of Housing Inventory decreased by 22.2% to 0.7 months.
- Inventory of Homes for Sale decreased by 21.9% to 927 units for sale on MLS.
Reasons to invest in real estate in Indianapolis:
- Highest Job Growth in the Midwest.
- Ranked the #1 most affordable place to own real estate. (Forbes Magazine).
- Unemployment is below the national average.
- Highest job growth in the Midwest.
- Properties up to 10% below the market.
- 1-year appreciation forecast of 8-15%.
Listed by
Curtis Holland curtis@metroindyhome.comUnited Real Estate Indpls