8456 Gainesville Dr Indianapolis, IN 46227

3 beds · 1 bath · 2,948 sq ft · Lot Size: 10,803 sq ft · Single Family Home · South Perry
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8456 Gainesville Dr is in the South Perry neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46227. This Single Family Home was built in 1999 and is approximately 26 years old. The single family home spans 2948 sq ft with 3 bedrooms and 1 bathroom and sits on a 10803 sq ft lot. The South Perry area of Indianapolis has 2877 residential homes. Analyze and compare real estate investment strategies for properties like this home at 8456 Gainesville Dr Indianapolis, IN 46227 with Property Intel by Whitepages.

Investment Potential for 8456 Gainesville Dr

The property has a current estimated value of $246,896, which is 14% above the neighborhood median. Projected long-term rental income is $31,200 annually ($2,600 per month) with a 90% occupancy rate.

Long-Term

Gross Rental
$31,200 per year($2,600 per month)
Net Operating Income
Cap Rate
Occupancy Rate
90%in 46227 zip code
 
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Owners & Occupancy for 8456 Gainesville Dr

This property is owned by Terry L True. Owner contact information includes 1 phone number and 4 email addresses.

Property Owners

Residence****************
Landline(317) 859-9501
Distance from Property**********
Email Address*********@yahoo.com
OccupationDirector of Regulatory and Market Affairs, Aces – Excellence In Energy
Cell Phone(765) ***-****
Residence****************
Landline(317) 859-9501+ 4 more
Distance from Property**********
Email Address*******@hotmail.com

Property Ownership Information

Property Tax Amount$4,034 in 2023

Occupancy

Current Occupancy*****View Occupancy
Resident 1********** age 65
Resident 2************ age 64

Property Details for 8456 Gainesville Dr

Property Details

Property Sq Ft

Living Area

2,948 sq ft

Compare to South Perry

Lot Size

10,803 sq ft

Compare to South Perry

Price Per Sq Ft

Living Area

$84 / sq ft

Compare to South Perry

Lot Size Area

$23 / sq ft

Compare to South Perry
Property condition, age, exterior, etc. for 8456 Gaine…
Longitude: -86.11071 Latitude: 39.643152 Parcel Number (APN): 49-15-20-117-055.000-500…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Market Benchmarks

Compare data for 8456 Gainesville Dr in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$246,896
$209,089
$37,807 (18%)
$310,205
$32,189 (10%)
YoY Price Change
3.01%
-117%
Year Built
1999
1972
27 years
Living Space
2,948 sq ft
1,582 sq ft
1366 (86%)
$ Per Living Sq Ft
$84
$136
-$53 (-39%)
Lot Size
10,803 sq ft
12,807 sq ft
-2004 (-16%)
$ Per Lot Sq Ft
$23
$19
$4 (19%)

Net Operating Income
$14,155
$7,026 (50%)
Annual Revenue
$31,200
$19,800
$11,400 (58%)
$5,253
$4,766 (91%)
Net Operating Income
$14,155
$7,026 (50%)
Cap Rate
6.3%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians