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Offer Price

$

Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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Historic charm, close to downtown Indianapolis.

+ 25

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Indianapolis, IN 46203

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$385,000
3
2
2,500
sq. ft.
$154
per sq ft
Heated sq ft: 2,000 sq ft
Avg Nightly Rate: $145
Home Legally Sleeps: 10
Occupancy Rate: 35 weeks
Annual Gross Income : 54000
Annual Net Operating Income : 20000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: City Life
New Construction: Inquire
Days on Vrolio: 1179

Property Description

Remodeled from the foundation up in 2018/2019. Located just east of downtown in there neighborhood where "Two Chicks and a Hammer" shoot the show "Good Bones" on hgtv. Several local places to east and shop. Only a 7 min Uber to downtown. Tall ceilings, original trim, new everything with high end materials used. Furnished modernly with 5 beds. 4 queen size beds and 1 king.

Presented by:
Owner:
terri ashmore
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 250
Low: 95
Peak: 300
Special Event: 350
Avarage: 145.00
Furniture Age
2
Est Value of Furnishings
$12,000
Peak & High Seasons
March, April, May, June, July, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
I don't want to manage it anymore.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
54000
Net Operating Income
20000
Stories
2
Additional Indoor Rooms
Family Room, Home Office/Den, Living Room, Master Suite Down, Unfinished basement
Appliances
Dishwasher, Dryer, Full stove, Garbage Disposal, Microwave, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric)
Floor Coverings
Carpet, Real Hardwood, Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1900
Outdoor Features
Porch - Not screened
View
City
Backyard Exposure
South
Lot Size
Small city lot
Community Features
Tax Amount/Year
$69
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
Free on street parking and up to 4 cars off street on the parking pad behind the home.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$10.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
35
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Third Party
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$100.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$500.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,800.00
Water/Sewer (Annual)
$450.00
Cable/Interbet (Annual)
$6.60
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$68.67
Homeowner's Insurance (Annual)
$1,800.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

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Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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