The Ellen

Single Family

1836

Sqft

2000

Details
Financials
Performance

$249,500

Purchase Price

$1,795

Rent / Mo

Refinance Candidate

Property Leverage

3553 Chokecherry Lane, Indianapolis, IN 46235

About

The Ellen is a beautiful 4-bedroom, 2-bathroom home in Indianapolis, IN. This one-floor ranch-style home features a separate breakfast nook off the kitchen, a formal dining room, and a primary suite with walk-in closets. Amenities include granite countertops, upgraded light fixtures, and vaulted ceilings in the living space. Located in the Warren Township area, residents enjoy a suburban feel with plenty of parks and outdoor activities.

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Rented

Rental Status

This property is eligible to start receiving dividends after its first lease is signed.

The Market

Indianapolis, IN

Indianapolis, a mid-western city, colloquially known as “Indy”. Home to the Indy 500, major league baseball, and plenty of economic growth opportunities. In the last several years, Indianapolis has seen job growth and retention in life sciences, technology and e-commerce, and manufacturing. Hosting several universities, the city has both attracted and retained college graduates due to job opportunities, easy access to recreational outdoor activities, and the lively professional sports scene. Fun Fact: Indy is the only major city that’s located on an unnavigable river - the water is too shallow for boats to travel on!

Common Questions

How Arrived works

What returns can I expect

What to expect if my property is still seeking a tenant

Diversification

Investing horizon & liquidity

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