Landlords and Rental Property Investors- what are your favorite neighborhoods in Indy to invest in rental properties? Best areas for low acquisition costs, occupancy rates, property appreciation? Short-term/AirBnB vs Long-term Rentals?
Property Manager · Indianapolis · Member since 2017 · 303 posts · 146 votes
2y
I have quite a few that I'll list below however it will depend on what you mean by relatively low acquistion cost.
For short term, you'll want to be in trendy areas like Broadripple, Holy Cross, Fountain Square, Bates Hendricks, Old Southside, Garfield Park. All of these neighborhoods are also good for LTR as well. Our city is really inconsistent so appreciation values tend to be more street to street. Obviously, the burbs out past 465 can be good appreciation markets. Let me know if you have any questions about specific areas or neighborhoods.