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Cash Flow Rental - Turnkey 2-Bed
519 Elm Court
Indianapolis, IN 46201
Off MarketBuy & Hold
Purchase Price
$85,000
Light Rehab ARV
$105,000
Light Rehab
$5,000 – $12,000
ROI
8.2% – 16.7%
Property Details
Type
Single Family
Beds
2
Baths
1
Above Grade Sqft
950
Year Built
1955
Lot Size
4,000 sqft
Property Notes
Condition
Recently updated with new water heater and furnace. Tenant-ready with minor cosmetic work.
Deal Analysis
MAO (70% Rule)$65,500
Light Rehab Scenario
Rehab Budget$5,000 – $12,000
ARV$105,000
Profit Range$8,000 – $15,000
ROI8.2% – 16.7%
Full Rehab Scenario
Rehab Budget$10,000 – $18,000
ARV$110,000 – $120,000
Profit Range$7,000 – $25,000
ROI6.8% – 26.3%
Assignment Fee$5,000
MAO = ARV × 70% − Repairs − Assignment Fee. Profit = ARV − Purchase Price − Rehab Budget. ROI = Profit ÷ (Purchase Price + Rehab Budget).
Rental Projections
Rent After Reno (No Basement Finish)$950 – $1,100/mo
Renovation Overview
- •Paint touch-ups, clean carpet, minor landscaping. Mostly turnkey.
Why This Deal Is Strong
- ✓Immediate cash flow at 1.2% rule. Stable neighborhood. Low vacancy rate.
Photos
Showing Instructions
Available for showing weekdays. Call ahead.
Quick Summary
Purchase Price$85,000
Light Rehab$5,000 – $12,000
Light ARV$105,000
Full Rehab$10,000 – $18,000
Full ARV$110,000 – $120,000
Spread$20,000
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