Owner
$248,302
5125 S STATE AVE, INDIANAPOLIS, IN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
1,690
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Detached Garage
1 Story
No Basement
Central
Above Ground Pool
Frame
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1945
Building Size
1,690 sq ft
Lot Size
31,755 sq ft
Lot Size (Acres)
0.73 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
49-15-06-104-007.000-500
County
Marion County, IN
Metro Area
Indianapolis-Carmel-Greenwood, IN
Zoning
—
Neighborhood/Subdivision
ELLERSLEE 3RD SEC
Lot Number
111
School District
Perry Township Metropolitan School District
Legal Description
ELLERSLEE 3RD SEC L111
Tax & Value Information
Market Value (Total)
$175,900
Building Value
$155,600
Land Value
$20,300
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$175,900
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
—
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$9,608
Return on Investment
15.60%
After Repair Value
$273,132
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$223,472
Renovation Cost
$12,415
Closing Costs (buying)
$4,469
Holding Costs
$6,780
Selling Costs
$16,388
Total Investment
$61,579
After Repair Value (ARV)
$273,132
Total Costs
$263,524
Estimated Profit
$9,608
Cash Invested
$57,109
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area