What's Available Wednesday? Indianapolis!We’re back again in Indianapolis showing you a single family home, perfect for a first time investor!! Just what does Indianapolis have to offer?

Indianapolis is the most stable real estate market in the country right now. Not to mention that unemployment is consistently below the national average. And this city has the population growth, job growth, and diversified economy we want to see!

The Indianapolis properties we find are hand selected, not available to the public, and have tenants and local property management already in place. Not to mention the advantages of cash flow, stability, cash flow, consistency, (cash flow!), a diversified economy… Did we mention the cash flow??

Location: Indianapolis, Indiana. Built In: 1979 (fully renovated)

Purchase price: $150,000 (not a foreclosure, normal sale)

Property info: 5 bedrooms, 2.5 bathroom, 2,146 square feet, 2 stories

Income

Monthly rent collected: $1,500

Expenses

Monthly expenses

Property taxes: $233

Insurance: $63

Property management fees: $120

Monthly expenses (conservatively estimated)

Vacancy (7%): $105

Repairs (5%): $75

Total Monthly Expenses- $596

Net Income = Income – Expenses = $904

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =7.23%

Cash-on-cash return =

Depends on your leveraging.

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

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