Indianapolis Rental Market and Deal Analysis

[Tracy Meyers]

Hi BP Community,

I'm looking at a deal in Indianapolis and am unfamiliar with the area. I'm wondering if anyone with experience out there can give me an idea of what the market is like and the viability of this deal. My focus is on cash flow.

The property I'm looking at is a single family home, total investment of around $40,000 and rental comps at $650.

1) How are the neighborhoods in the 46218 zip code? Is it a B or C area?

2) Is one month a reasonable time for tenant placement?

3) Are there any issues with investing in Indianapolis that I should be aware of?

Thanks in advance for taking the time to address my questions and concerns.