Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $218 per day and long-term for an average of $1,755 per month, based on similar listings in the area. Estimated short-term cap rate of 11.5%. Estimated long-term cap rate of 1.5%. This 5-bedroom, 2-bathroom rental property near Ball State University, is the investors dream with leases signed through July 2025. Rent: $1825 through July 2024 and $1850 through July 2025 tenants pay all utilities. The home has two main floor bedrooms and three spacious upstairs bedrooms. this provides pleanty of room for residents to spread out and enjoy personal space or gather together. The kitchen is complete with a dishwasher, and flows into a large dining area, perfect for shared meals. A cozy fireplace highlights the inviting living room. With its prime location and proximity to campus, this property has potential for rental income and convenience. Don't miss out!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $6230 |
Bedrooms | 5 |
Bathrooms | 2 |
SQFT | 1,633 |
Furnished | unknown |
Year built | 1927 |
Listing Status | Off Market |
MLS | 202413564 |
