We’re back this week in Indianapolis to check out this single family home, perfect for a savvy investor! But first… just what does Indianapolis have to offer?
Indianapolis is one of the most stable real estate markets 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: 1990 (fully renovated)
Purchase price: $122,500 (not a foreclosure, normal sale)
Property info: 4 bedrooms, 2 bathrooms, 1816 square feet, 2+ stories, 2 car parking
Monthly rent collected: $1,250
Property taxes: $166
Property management fees: $100
Monthly expenses (conservatively estimated)
Vacancy (7%): $88
Repairs (5%): $63
Total Monthly Expenses- $478
Net Income = Income – Expenses = $772
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price =7.56%
Cash-on-cash return =
Depends on your leveraging.
- 60 Day Rent Guarantee
- 90 Day Scope-of-Work Warranty
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org.