What's Available Wednesday - Indianapolis turnkey real estateHipster is back in Indianapolis this week showing you a beautiful single family home! Just what does Indianapolis have to offer the savvy investor?

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, single family homes, with 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?? Today’s property is fully renovated with tenants in place.  Are you ready to add this to your portfolio?

Location: Pendleton, Indiana. Built In: 2005 (fully renovated)

Purchase price: $130,000 (not a foreclosure, normal sale)

Property info: 4 bedroom, 2.5 bathroom, 2,232 square feet, 2 stories, 2 car garage

Income

Monthly rent collected: $1,350

Expenses

Monthly expenses

Property taxes: $188

Insurance: $58

Home owners assoc. fee: $21

Property management fees: $135

Monthly expenses (conservatively estimated)

Vacancy (7%): $95

Repairs (5%): $68

Total Monthly Expenses- $565

Net Income = Income – Expenses = $785

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 7.25%

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.

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