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 🙂