What's Available Wednesday? An Indianapolis Triplex!Hipster is back in Indianapolis this week showing you a triplex, perfect for any investor!! So just what does Indianapolis have to offer?

Indianapolis is the most stable 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: 1900 (fully renovated)

Purchase price: $70,000 (not a foreclosure, normal sale)

Property info: 6 bedrooms, 2 bathrooms, 2,795 square feet, 2 stories

Income

Monthly rent collected: $1,400

Expenses

Monthly expenses

Property taxes: $121

Insurance: $58

Property management fees: $112

Monthly expenses (conservatively estimated)

Vacancy (7%): $98

Repairs (5%): $70

Owner Paid Utilities – $308

Total Monthly Expenses- $767

Net Income = Income – Expenses = $633

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =10.85%

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
  • Daniel
    Reply

    Hi there, I am looking at a couple of duplexes in the area and thought I would try to get some more information on this one – thanks! Daniel M cbfcase@yahoo.com

    • Ali
      Reply

      Hey Daniel! Sure, we’ll email you.

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