What's Available Wednesday? An Indianapolis Duplex!You will never guess what we found for you… It’s been awhile, but we have an Indianapolis Duplex! But you better act quick, because these babies go fast! Why you ask?

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 (that’s double because it’s a duplex)??

Location: Indianapolis, Indiana. Built In: 1937 (fully renovated)

Purchase price: $193,000 (not a foreclosure, normal sale)

Property info: 5 bedrooms, 4 bathroom, 3,344 square feet, 2 stories, 2 car garage

Income

Monthly rent collected: $1,1425

Expenses

Monthly expenses

Property taxes: $298

Insurance: $117

Property management fees: $172

Monthly expenses (conservatively estimated)

Vacancy (7%): $151

Repairs (5%): $108

Total Monthly Expenses- $844

Net Income = Income – Expenses = $1,306

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =8.12%

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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