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: 1954 (fully renovated)

Purchase price: $95,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1 bathroom, 960 square feet, 1 story, 2 car parking

Income

Monthly rent collected: $1,050

Expenses

Monthly expenses

Property taxes: $141

Insurance: $63

Property management fees: $84

Monthly expenses (conservatively estimated)

Vacancy (7%): $74

Repairs (5%): $53

Total Monthly Expenses- $414

Net Income = Income – Expenses = $636

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =8.04%

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
  • Heidi Neilson
    Reply

    Thanks Ali and team! We’re excited to keep learning, and hopefully get investing, with you!

    • Ali
      Reply

      Yayy! Glad to have you on the Hipster bandwagon! 🙂

Leave a Comment

Your message.

Who are you?