HomeUnion is happy to announce this new opportunity to purchase a single-family rental opportunity in Indianapolis, Indiana.
Indianapolis fundamentals cater to both cash flow and long-term growth. While many markets saw dramatic increases and decreases, property values in Indianapolis have remained relatively stable over the last few years. The city has increased by 15.2% over the last decade (above the National average of 9.7%) and continues to put upward pressure on home prices and rental rates. Indiana state is currently running a budget surplus making it a very business friendly economy. The average home ownership in Indianapolis is 75% (while the national average is below 67%) – the shortage of rental properties leads to a stable rental market demand.
Indianapolis has historically been a government and manufacturing town. Today, however, Indianapolis has a diverse economy contributing to the fields of education, health care and finanace. Tourism also figures in heavily, with Indianapolis playing host to many conventions and sporting events including the Indianapolis 500, Brickyard 400, and N.H.R.A. US Nationals.
According to Wikipedia “both Forbes and Livability.com rank Indianapolis as one of the best downtowns in the United States citing "more than 200 retail shops, more than 35 hotels, nearly 300 restaurants and food options, movie theaters, sports venues, museums, art galleries and parks" as attractions.”
This particular property is a 3 bedroom, 2 bath single family home and measures approximately 1,192 square feet.
|Purchase Price: $95,000|
|Closing Costs: $1,100|
|Monthly Rent: $1,050|
|Monthly Property Taxes: $137|
|Monthly Property Insurance: $45|
|Property Management: $105|
|Monthly Maintenance Provision: $63|
|Monthly Vacancy Provision: $63|
|Potential Monthly Cash Flow: $246|
Click here or call us at 866-732-3220 for more information.
Visit our website at homeunion.com, or give us a call at 1-866-732-3220 for more information.
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HomeUnion is a unique real estate investment platform providing high income single-family cash flow homes nationally for real estate investors. HomeUnion finds Cash Flow Zones with favorable rental to home price ratios, stable employment and strong rental culture. HomeUnion offers these properties fully tenanted, along with Property Managers ready to stay on after the purchase. This ensures a single point of accountability and significantly reduces the risk for out of state investors. In addition, rent and maintenance guarantees are available on homes in some markets. HomeUnion provides post-purchase market intelligence, portfolio analysis, and management oversight for investors.