Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $168 per day and long-term for an average of $1,594 per month, based on similar listings in the area. Estimated short-term cap rate of 7.3%. Estimated long-term cap rate of 1.8%. Located off McGalliard and directly North of Ball State University's campus, this four bedroom property is close to everything, but tucked away in the well kept subdivision of Layne Crest. This .25 lot, with a fenced in back yard, provides for a peaceful retreat after a long day, a fire in the evening, an entertainment area for friends and family. The layout of this home is also perfect for a four bedroom rental. All of the bedrooms are upstairs and the main living area, kitchen, breakfast area and laundry are on the lower/main level. Storage is ample with all bedrooms having closets that extend to the height of the ceiling. The main living area is open and very spacious. Layne Crest is a lovely neighborhood where homes are well maintained. Sidewalks throughout allow for strolls around the neighborhood or a place to safely run. This place has it all, including the perfect location! Updates: Newly glazed bathtub and new toilet in the full bath. Fresh paint in the main living area. Roof is only four years old. 2018 new sewage lines were run from the house to the city lines.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $6077 |
Bedrooms | 4 |
Bathrooms | 2 |
SQFT | 1,500 |
Furnished | unknown |
Year built | 1961 |
Listing Status | Off Market |
MLS | 202411878 |
