What's Available Wednesday? Indianapolis!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: 1915 (fully renovated)

Purchase price: $120,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 2 bathrooms, 2400 square feet, 2 stories


Monthly rent collected: $1,250


Monthly expenses

Property taxes: $100

Insurance: $75

Property management fees: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $88

Repairs (5%): $63

Total Monthly Expenses- $425

Net Income = Income – Expenses = $825

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =8.25%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:

  • 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 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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