Location

Log in to see the full address

Hope, IN 47246

Details

• Type: Single Family
• Bedrooms: 3
• Bathrooms: 2
• Square Feet: 0
• Total Units: 1

Description

Overview

STARTING PRICE: $80,000

ARV: $250,000

RENT: $1,900

Property Overview:

Type: Single-Family

Beds: 3

Bath: 2

Size: 1,820 sqft

Lot size: 17,424 sqft

Year Built: 1980

Property Highlights:

Property on a Double Lot

New plumping, electrical, hvac, windows (4 Years Old)

Low crime, low holding costs - Hope's crime rate runs roughly 60 % below the U.S. average, and 2024 property taxes on this home were just $413—a buy-and-hold investor's dream.

Three-city reach on I-65 - SR-9 links the house to I-65 in minutes, putting Indianapolis (~55 min), Louisville (~1 hr 20 min) and Cincinnati (~1 hr 10 min) within an easy drive. That broad employment radius boosts resale appeal and tenant demand.

Equity-lift potential - Nearby renovated Washington St comps closing above $200k+ leave plenty of room to force appreciation through upgrades and profit on a flip.

Repairs Needed:

Heavy cosmetic renovation needed

Roof: Needs Updates

HVAC: New (4 Years Old)

Hot Water Heater: Functional, No Issues

Windows: New

Foundation: Functional, No Issues

Electric: New (4 Years Old)

Plumbing: New (4 Years Old)

ARV - $250,000 based on Comps:

305 Harrison St, Hope, IN 47246 — Full Reno Done, 3 Bed / 2 Bath, 1,807 SqFt (built 1930), sold for $274,250 on 10/11/2024.

202 Washington St, Hope, IN 47246 — Turnkey, 3 Bed / 1 Bath, 1,987 SqFt (built 2015), sold for $260,000 on 6/25/2024.

Potential Rent Returns - 1.9k/mo:

Low crime, low holding costs - Hope's crime rate runs roughly 60 % below the U.S. average, and 2024 property taxes on this home were just $413—a buy-and-hold investor's dream.

Three-city reach on I-65 - SR-9 links the house to I-65 in minutes, putting Indianapolis (~55 min), Louisville (~1 hr 20 min) and Cincinnati (~1 hr 10 min) within an easy drive. That broad employment radius boosts resale appeal and tenant demand.

Remember, you miss 100% of the shots you don't take, so don't hesitate to submit that offer!