Great Rental in Broadripple

[Austin Coon]

Investment Info:

Condo buy & hold investment in Indianapolis.

Purchase price: $255,000

Picked up a 2bed/2bath condo in Broad Ripple for $255K as a buy-and-hold. Broad Ripple is one of those Indianapolis submarkets that just keeps performing — walkable to the strip, close to the Monon Trail, and consistently attractive to young professionals and remote workers who want that urban-village feel without downtown pricing.
The 2/2 layout is the sweet spot for this area — easy to rent, easy to self-manage, and strong demand year-round. I underwrote it as a long-term rental but I'm keepin