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FS Houses: Buy Sell Rent

Urban Indianapolis Real Estate

317-492-9025 502-409-7797

News

Short term hold / Long term flip

By

Ryan Mullin

Posted in Cash Flow Investing, FS Houses, Indianapolis Neighborhoods, Investing in Real Estate, Mapleton Fall Creek, Turnkey Properties On June 23, 2016

2939 Broadway –  4 Bedroom 1.5 bath SFH in a heavy revitalization area.  Mapleton Fall Creek.

Purchase price:  $84,000

Rented to excellent tenants at $950/month.

Hold this one for 3 – 5 years and then…   FLIP it.  Maybe even sooner 🙂  Homes are being renovated all over this area.  This neighborhood is located in between Broad Ripple and downtown which means revitalization is coming in from all angles.  Below you will find the ROI numbers for rental income and some comparable sales recorded within a half mile radius (in the last 180 days.)  Click on the investment projections for the full PDF.

From this property you can hop on the Monon Trail and connect to the Fall Creek Trail, or ride the Monon down to connect with the Cultural Trail.    Making this location one of the best spots for riding bikes, jogging, roller skating, etc. You can ride to Fountain Square or to Carmel strictly on bike trails 🙂

Screenshot 2016-06-23 11.15.58Screenshot 2016-06-23 11.15.58

 

Screenshot 2016-06-23 11.21.01

 buy and hold, flip, house, Investment, real estate, rental, SFR, turnkey

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FS Houses: Buy Sell Rent
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