3228 S Rybolt Ave Indianapolis, IN 46221

2 beds · 1 bath · 825 sq ft · Lot Size: 11,326 sq ft · Single Family Home · Mars Hill
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3228 S Rybolt Ave is in the Mars Hill neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46221. This Single Family Home was built in 1940 and is approximately 85 years old. The single family home spans 825 sq ft with 2 bedrooms and 1 bathroom and sits on a 11326 sq ft lot. According to public records, it was last sold in 2016 for $38,000. The Mars Hill area of Indianapolis has 1131 residential homes. Analyze and compare real estate investment strategies for properties like this home at 3228 S Rybolt Ave Indianapolis, IN 46221 with Property Intel by Whitepages.

Investment Potential for 3228 S Rybolt Ave

The property has a current estimated value of $84,181, which is 9% below the neighborhood median, based on public records. It last sold on August 15, 2016 for $38K. Projected long-term
is $22,200 annually ($1,850 per month) with a 88% occupancy rate.

Long-Term

Gross Rental
$22,200 per year($1,850 per month)
Net Operating Income
Cap Rate
Occupancy Rate
88%in 46221 zip code
 
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Owners & Occupancy for 3228 S Rybolt Ave

This property is owned by Charles Walter Carroll. Owner contact information includes 2 phone numbers and 4 email addresses.

Property Owners

Cell Phone(317) ***-****
Residence****************
Landline(317) 243-3740
Distance from Property**********
Email Address************@att.com

Property Ownership Information

Purchase DateAugust 15, 2016
Property Tax Amount$125 in 2023
Purchase Price$38,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 77
Resident 2*************** age 66
Resident 3**************** age 28
Resident 4********************** age 82
Resident 5******************

Property Details for 3228 S Rybolt Ave

Property Details

Property Sq Ft

Living Area

825 sq ft

Compare to Mars Hill

Lot Size

11,326 sq ft

Compare to Mars Hill

Price Per Sq Ft

Living Area

$102 / sq ft

Compare to Mars Hill

Lot Size Area

$7 / sq ft

Compare to Mars Hill
Property condition, age, exterior, etc. for 3228 S Ryb…
Longitude: -86.232456 Latitude: 39.715961 Parcel Number (APN): 49-11-29-111-581.000-200…
Mortgage originated on through lender: Balley & Wood Fin'l Group for$*****View Mortgage Details
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Market Benchmarks

Compare data for 3228 S Rybolt Ave in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$84,181
$138,962
-$54,781 (-39%)
$223,197
-$102,750 (-46%)
YoY Price Change
5.26%
-81%
Year Built
1940
1947
-7 years
Living Space
825 sq ft
1,104 sq ft
-279 (-25%)
$ Per Living Sq Ft
$102
$125
-$23 (-18%)
Lot Size
11,326 sq ft
8,255 sq ft
3071 (37%)
$ Per Lot Sq Ft
$7
$18
-$10 (-58%)

Net Operating Income
$12,943
$5,531 (43%)
Annual Revenue
$22,200
$16,800
$5,400 (32%)
$3,772
-$46 (-1%)
Net Operating Income
$12,943
$5,531 (43%)
Cap Rate
8.88%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians