6281 Central Ave Indianapolis, IN 46220

3 beds · 2 baths · 1,589 sq ft · Lot Size: 9,718 sq ft · Single Family Home · Broad Ripple
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Owned for Less Than 5 Years

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6281 Central Ave is in the Broad Ripple neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46220. This Single Family Home was built in 1928 and is approximately 97 years old. The single family home spans 1589 sq ft with 3 bedrooms and 2 bathrooms and sits on a 9718 sq ft lot. According to public records, it was last sold in 2020 for $330,000. The Broad Ripple area of Indianapolis has 1033 residential homes. Analyze and compare real estate investment strategies for properties like this home at 6281 Central Ave Indianapolis, IN 46220 with Property Intel by Whitepages.

Investment Potential for 6281 Central Ave

The property has a current estimated value of $368,297, which is 8% above the neighborhood median, based on public records. It last sold on November 10, 2020 for $330K. Projected long-term
is $24,000 annually ($2,000 per month) with a 95% occupancy rate.

Long-Term

Gross Rental
$24,000 per year($2,000 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 46220 zip code
 
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Owners & Occupancy for 6281 Central Ave

No contact information is available.

Occupancy

Resident 1**************** age 24
Resident 2*****************
Resident 3*************** age 54

Property Details for 6281 Central Ave

Property Details

Property Sq Ft

Living Area

1,589 sq ft

Compare to Broad Ripple

Lot Size

9,718 sq ft

Compare to Broad Ripple

Price Per Sq Ft

Living Area

$232 / sq ft

Compare to Broad Ripple

Lot Size Area

$38 / sq ft

Compare to Broad Ripple
Compare to Neighborhood Median
Property condition, age, exterior, etc. for 6281 Centr…
Longitude: -86.14998 Latitude: 39.870219 Parcel Number (APN): 49-03-35-109-118.000-801…
Mortgage originated on through lender: Fairway Independent Mtg Corp for$******View Mortgage Details
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Market Benchmarks

Compare data for 6281 Central Ave in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$368,297
$209,089
$159,208 (76%)
$******
$310,205
$220,347 (71%)
YoY Price Change
****%
3.01%
-389%
Year Built
1928
1972
-44 years
Living Space
1,589 sq ft
1,582 sq ft
7 (0%)
$ Per Living Sq Ft
$232
$136
$95 (70%)
Lot Size
9,718 sq ft
12,807 sq ft
-3089 (-24%)
$ Per Lot Sq Ft
$38
$19
$19 (97%)

Net Operating Income
$*****
$14,155
-$212 (-1%)
Annual Revenue
$24,000
$19,800
$4,200 (21%)
$*****
$5,253
$4,804 (91%)
Net Operating Income
$*****
$14,155
-$212 (-1%)
Cap Rate
****%
6.3%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians