This Weeks Best of the Best

Get over $500 cash-flow from day one!

Asking price: $46,500

Rented for $850

Netting $520 per month cash flow

13% ROI

Tenant on 1 year lease
2102 N. Medford , Indianapolis
Located in Wayne township
                                                                                      

Renovation includes:

New Pex plumbing, new electrical & electrical panel, new gas furnace, new electric water heater, new double hung vinyl windows, new exterior doors & door hardware, new overhead garage door, new flooring throughout, all new outlets and all new light fixtures and more!

Also comes with matching new stove and refrigerator.

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Strong Indy homes sales in January

How often do we see news like that lately? Not very often, but the Indianapolis market is showing definite signs of a very strong recovery. January showed improvement in all categories of measurement.


Source: Metropolitan Indianapolis Board of Realtors (MIBOR)

Most dramatically, closed sales were up a whopping 38.5% January 2012 over 2011. Last January, 455 homes were sold compared to 630 this January. Pending sales (homes in contract but not closed yet) were also very strong—up 18.3% which bodes well for a strong February.

The median price of a home was up 3.2% from $87,900 to $90,750 and for the 3 month period from December 2011 through December 2012, median prices are up 6.7% from the same 3 month period the previous year.

Perhaps the most dramatic and significant sign of recovery, is the number of months supply of inventory on the market. This is a measurement of how many months it will take to sell the current inventory at the current sales rate. Number of months on market dropped to its lowest level in at least 3 years at 7.6 months. This is a very good sign that supply and demand is nearing market equilbrium.

Now is a great time to invest in Indianapolis real estate. See what the Indy market has to offer.
Learn More About Indy

Why does a born and bred Californian like Indianapolis for real estate investment?

That’s the question that I am always asked. After all, aren’t we supposed to invest in our own backyards?

My answer is very simple—Cash flow and ROI.

Indy is consistently ranked one of the most affordable real estate markets in the U.S. You can buy 2 or 3 properties in Indianapolis for what you’d  pay for just 1 property in the most affordable California market. And that means higher ROI’s. ROI’s of 12-14% are very typical and can be much higher depending on the area of town.

Plus, the cash flow is great-- ranging between $400-$500 per month on single family homes-- after ALL expenses.

But Indianapolis offers more than just high returns. It’s also one of the safest markets for investment. In fact, Local Market Monitor, Inc. rates Indy as one of the top 3 safest markets for real estate investors according to the Wall Street Journal. Read the article here:

http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html

So with  numbers like these, it’s clear why this Californian loves Indianapolis. I’ll still take our weather though!