What's Available Wednesday? Indianapolis!Ready to head on over to Indianapolis to check out this single family home, perfect for a first time investor? Absolutely! But first… just what does Indianapolis have to offer?

Indianapolis is the #1 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: 1953 (fully renovated)

Purchase price: $75,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1 bathroom, 1025 square feet, 1 story, 2 car parking

Income

Monthly rent collected: $850

Expenses

Monthly expenses

Property taxes: $101

Insurance: $58

Property management fees: $68

Monthly expenses (conservatively estimated)

Vacancy (7%): $60

Repairs (5%): $43

Total Monthly Expenses- $329

Net Income = Income – Expenses = $521

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =8.33%

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!

Comments
  • Praveen Pant
    Reply

    First time investor, interested in turnkey rental property

    • Ali
      Reply

      That’s great Praveen! You can reach out on our Contact Page, but we’ll also shoot you an email as well. Talk to you soon.

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