Indianapolis Properties
Why invest in Indianapolis?
- Indianapolis, known as “Indy” is the capital of Indiana with a population of 876,862 (2018).
- Major industries include Pharmaceuticals, Insurance, Aerospace and Aviation. Indy is also home to major corporations including Cummins, Anthem, Eli Lily and State Farm Insurance.
- Indy’s unemployment rate is 3.6% (2019) vs the national rate of 4.7% (pre-pandemic data) and has steady job growth adding nearly 23,000 jobs in 2018.
- Home prices rose 7.4% in 2019 ranking Indy #8 out of the top 100 MSA’s in America (FHFA House Price Index).
- Indy’s cost of living index is below the national average and 33% below New York City. This leads to market stability, making it attractive for investors.
- Home to the Indianapolis Colts (NFL) and Indiana Pacers (NBA) and Indiana Fever (WNBA). It is also home to the world renowned “Indy 500” motor race held each May.
SOLD
2341 W 9th Street Anderson IN 46016
Bedrooms: 3 / Baths: 1 / Sq Ft: 1,082 / 2-car garage
- Asset Cost: $50,000
- Reno Cost: $30,000
- Total Cost: $80,000
- Rent: $950 / month
- Cap Rate: 9.17%
Comps*/ARV $95,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
Pending
1629 Finley Ave, Indianapolis IN 46203
Bedrooms: 2 / Baths: 1 / Sq Ft: 704 / large 2-car garage
- Asset Cost: $85,000
- Reno Cost: $27,000
- Total Cost: $112,000
- Rent: $1150 / month
- Cap Rate: 7.76%
Comps*/ARV $125,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).