3814 Esquire Pl, Lawrence, IN 46226

3 beds, 1.5 baths, 1,625 sqft
Sold: $23,000
Sold on 04/05/12
Zestimate®: $44,866
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

 
3814 Esquire PlaceIndianapolis, IN 46226Price $49,900Down payment and closing costs needed: $12,000New loan of $39,920 at 5% for 30 years3 BedroomNicely rehabbed.Income: $800Mortgage: $213Tax: $131Insurance: $26Management: $80After expenses - net is $350 X 12 months = 4200 divide by thetotal investment of $12,000 = 35%***********For more details and a list of all the investment properties I have for sale, send me an email and I'll get it right out to you.***********This is a fully rehabbed property with a solid tenant and a professional property manager. It is a turn-key investment that is 100% passive. You don't have to manage it, you don't have to fix it, you don't have to do anything except cash the checks the property manager sends you each month.There are very few places you can invest your money that will give you a better return on your investment, plus give you tax benefits and appreciation of value, rents and income over time.The property manager is licensed, extremely competent and manages a large part of my current portfolio, so I recommend her highly.This property is in a solid blue collar neighborhood. It is a truly passive investment. Everything has been done for you and ongoing management is done in a competent, professional, and price conscious way.If you would like a recording of a seminar about how to invest in long term passive investment properties, send me an email and I'll give you the download link.If you have additional questions about the property, feel free to ask. If you are interested, just let me know and I'll write it up.  MoreLess
Facts
  • Lot: 9,583 sqft
  • Single Family
  • Built in 1961
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Apr 2012 for $23,000
  • Price/sqft: $14
Features
  • Fireplace
  • Flooring: Carpet, Hardwood, Linoleum / Vinyl
  • Parking: Garage - Attached, 1 space, 250 sqft
Appliances Included
  • Dryer
  • Range / Oven
  • Washer
Construction
  • Roof type: Asphalt
  • # Stories: 1.0
  • Unit count: 1
Other
  • Floor size: 1,625 sqft
  • Last remodel year: 1961
  • Laundry: In Unit
  • Lot depth: 139
  • Lot width: 70
  • Parcel #: 490818110023000401
  • Zillow Home ID: 1145984
Home Values
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$44,866
-$332 Last 30 daysd
$41K
$48K
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$862/mo
+$33 Last 30 daysd
$664
$1.1K
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Neighborhood for 3814 Esquire Pl

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Zillow predicts 46226 home values will increase 1% next year, compared to a 2.1% increase for Indianapolis Metro as a whole. Among 46226 homes, this home is valued 36.7% less than the midpoint (median) home, and is valued 75.4% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 46226, the number of foreclosures waiting to be sold is 234.8% greater than in Indianapolis Metro, and 110.5% higher than the national average. This higher local number may prevent 46226 home values from rising as quickly as other regions in Indianapolis Metro.

Learn more about forecast calculations or 46226 home values.
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