The Franklin
Single Family
4
2.5
2250
Sqft
2001
$300,000
Purchase Price
$2,145
Rent / Mo
0%
Refinance Candidate
Property Leverage
893 Waterway Drive, Franklin, IN 46131
About
The Franklin is a beautiful 4 bedroom, 2.5 bathroom home in Franklin, IN. This home features a gorgeous oversized deck that overlooks the fenced in backyard. A wood burning fireplace in the living room offers the utmost comfort. Residents will appreicate the many updated features like new flooring on the main level and a fully remodeled laundry room. A large storage barn and spacious three-car garage are convenient amenities.
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!
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$355,120
Invested
100%
Funded
724
Investors