Updated almost 7 years ago on . Most recent reply
Looking to buy my first rental in Indianapolis
I am looking to purchase my first rental property in Indianapolis. I chose this market cause of the low purchase prince and relatively high rents, some still passing the 1.5% rule. I’m looking to buy in the 46241 zip code. Can anyone give me some insight on the area? This this a B, C or D class neighborhood? I was told by the agent that it is a B class neighborhood. Looking to purchase a 4/2 at around $50k that will rent for $850 to $900. The numbers seem to work but I’m not sure about the area or market. Any info, bad or good, will be greatly appreciated. I would also like to connect with any property managers and investor agents around that area too. Thanks a lot!
Most Popular Reply
46241: C, not B.
4/2 at around $50k that will rent for $850 to $900: make it C-
The lesson I learned the hard way: if it's cheap, there's a reason...