4/3 Home in Indianapolis, IN — Creative Financing
Monthly payment (approx.)
~$2,613
Down payment
$10,000
3.13% down
Asking price
$319,900
What you need to qualify
Financing terms
- Interest rate
- 6.5%
- Term
- 3 years
- Balloon
- $29,826due in 36 months
Property
- Type
- Single-family home
- Bed / bath
- 5 bd · 3 ba
- Square feet
- 1,988 sqft
- Year built
- 1979
- Lot size
- 0.35 acres
Hybrid subject-to + seller carry. Existing financing approx. $280,074 at 6.5%, total monthly obligation approx. $2,613. Buyer to cover monthly payment, taxes/insurance, maintenance and property expenses. $10,000 cash to seller at closing. Remaining seller equity carried at 0% with no monthly payment, due at refinance/payoff within 36 months. Terms negotiable for strong buyer.
Other financing options (1)
This seller is open to multiple structures.
- Rent to OwnRent to Own
Monthly (approx.)
~$2,995
Down
$10,000
Price
$329,900
- Rate
- On inquiry
- Term
- 3 years
- Credit
- No credit check
Lease-option / rent-to-own considered with $10,000 non-refundable option consideration, $2,995 monthly payment and purchase required within 36 months. Buyer responsible for routine maintenance and agreed property expenses. Final terms subject to approval.
About this property
9505 Thornwood Dr, Indianapolis, IN 46250 — 4BR/3BA single-family home with approximately 1,988 finished sq ft, attached 2-car garage, fenced ~0.35-acre lot, in-ground pool and hot tub, lower-level flex/bonus space, and kitchenette area. Seller is open to a hybrid subject-to + seller-carry structure. Asking price is $319,900. Existing financing is approximately $280,074 at 6.5% with a total monthly obligation of about $2,613. Seeking $10,000 cash to seller at closing, with remaining seller equity carried and due at refinance/payoff within approximately 36 months. Stronger creative structures will be considered. The full house previously rented for $2,650/month for one year without pool access. With the pool now fully repaired and operational and the additional improvements completed, the property offers strong rental potential. Buyer to verify rents and their intended investment strategy. Approximately $10,000 in recent improvements/upgrades include roughly $5,300 in pool repairs and equipment, bathroom updates, interior wall/finish updates, flooring improvements, paint and touchups, electrical upgrades including an updated panel and EV-ready garage outlet, laundry/lower-level improvements, and substantial yard cleanup. Property is being offered as-is. Seller is prioritizing strong upfront cash, full monthly payment and property-expense coverage, and a clearly defined refinance/payoff timeline. Buyer to perform their own due diligence regarding value, rents, financing structure, property condition, title, insurance, and loan terms. Open to subject-to, seller finance, hybrid creative finance, or other well-structured proposals. Serious buyers should submit proposed purchase price, cash to seller at closing, monthly payment structure, payoff/balloon timeline, EMD, and proof of funds.
Listed by Danish Ali ·
Verify with the seller. These terms are seller-provided and may change. Confirm every number directly with the seller before signing anything.
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Creative-finance terms carry structure-specific legal nuances that vary by state. Review our Creative Finance Disclaimer and verify with a licensed attorney before signing.