Key facts
- Beds
- 4
- Baths
- 1 full
- Living area
- 2,012 sqft
- Lot
- 0.16 acres
- Year built
- 1890
- Type
- Residential · Single Family Residence
- Stories
- Two
- Garage
- 2 spaces
- MLS #
- 22125963
- County
- Madison
- Subdivision
- No Subdivision
- Total building area
- 2,584 sqft
About this home
$1,450/Month Section 8 Rental | Exceeds 1% Rule | Fully Renovated 2025 Turnkey investment with immediate, reliable cash flow. Leased at $1,450/month. Tenant pays all utilities. At the $128,000 list price, this property exceeds the 1% rule and is priced below a recent $140,000 appraisal, offering a compelling cash-flow opportunity with built-in value. Fully renovated in 2025, including new roof, full electrical rewire, updated plumbing, new HVAC components, many new windows, and complete interior finishes. The home offers 4 bedrooms plus a bonus room and dedicated laundry space, appealing to long-term tenants. Additional features include a detached garage, fenced backyard, washer/dryer hookups, and property taxes under $150/year. Strong income and major updates-this is a true turnkey rental.
Description provided by the listing brokerage.
Interior
- Appliances
- Windows
- Rooms
- 8
- Main-level bedrooms
- 2
Exterior
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
Systems
- Heating
- Cooling
- Water
- Utilities
Schools
- School district
- Anderson Community School Corp
Taxes
- Estimated annual tax
- $1,364 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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