All Forum Posts by: Brian Pachciarz

Check out the details below on a cash flowing three bed ranch in Lawrence Township.

The Upsides  on this deal are that the house is in Lawrence Township, it's currently cash flowing with a long term tenant and it's in pretty good shape.

The Downside on this deal (and why it's priced where it is) is because the current tenant is only paying $525 - which is well below the market rate for a house like this of $750 to $800. The current lease ends this coming July.

Check out the Details and pics below, and if you want to talk strategy on this property - just call or email us.

The main details are:

• 3 bed & 1 bath
• 925 square foot w/a 1 car attached garage
• Lawrence Township location
• Slab foundation
• Year built 1963
• Assessed value $18,700
• Current annual tax $435
• Needs some work when tenant turns: Check out the Pics Here.

If you'd like to talk strategy on this house, or discuss your high level planning and investment goals - Click Here To Schedule A Strategy Call.

Please see below, and contact us if you have questions or would like to make an offer.

The Redevelop Indy Team

2443 SILVER LANE DR INDIANAPOLIS, IN 46203

The home is on the far east side of Indy in Warren township school district, just north of Beech Grove by Glenroy Village. The immediate area has low turn-over, but there are a handful of recent comparable sales between $110,000 and $130,000.

The windows, roof and siding have all been updated in recent years, and an occupant just moved out with all of the mechanicals working well.

The only real work needed is cosmetics and upgrades. Check out the pictures here...

This home will appeal to tenants with extra space in the dry basement, and a detached garage. Depending on the updates completed, this property will fetch $1000 or more in rent.

This cash flow property will work very well for you if you are looking for something nicer than the normal C grade rental props sold in Indy, but cheaper than the new vinyl box suburb homes.

The main details are:

• $1000+ per month rental
• 2 bed, 1 full bath 1056 square foot
• Detached garage
• Warren township schools
• Dry full basement foundation
• Year built 1961
• Assessed value $89,300
• Current annual tax $1189 

If you have any buyers that missed out on that from your open house and you don't have any other fountain square area houses for them, let us know...

We just sold two down there this week, and got three more on contract this week.

Talk soon, hope all is well (and by the way this is Steve on Brian's account - that's why what I'm typing reads so much cooler than normal!).

Brett-How did your open house go? Did you sell this property?

This two story home in East Fountain Square has great Fix & Flip Profit Potential, as it’s in one of Indy’s hottest areas!

If you aren't familiar with this neighborhood, check out the HGTV show "Good Bones" - the entire show is based on a mother / daughter duo flipping homes in this area.

This project requires a full rehab (You Can View Pics Here).  Depending on the final scope, the renovation budget is estimated at approximately $85k - $90k.

• Buy: $75K
• Rehab: $90K
• ARV: $260K

If you're interested in hearing more about this project, Just Call or Email Tasheana at 317.800.7332 or [email protected].

PS. The House Next Door with the same floor plan just sold for $265,000 (View That Listing Here).

Thomas Glasbrenner - not sure if you saw my reply, but wondered if you had any questions?

Thomas, 

Our market is very affordable for being a decently large city, which helps Indy offer good cash flow on rentals.

We do business in the greater Indianapolis area, which includes suburbs all around the city - but we 95% of our business is located in Indianapolis.

There are rentals here ranging from low-end single family stuff you can buy in the $20-30k's (that I don't recommend Lol) that will rent for $500 to $600 up to props you can be in all into between $100-200k that rents for $900 to $1800.

Of course there are many exceptions to what I just typed, but that is the range of normal rental props.  There are very high end rentals in trendy areas of down town, as well as in the nicer suburbs.

We typically work in three categories of rentals.

We feel like the D+ to C+ rentals are mostly built around the 1950's and the props can be rent ready for between $40k - $65k with rents from $650 to $850. These are in areas like Lawrence, Warren and Pike township.

There are some B type rentals that are either newer built (1995 and newer) vinyl boxes inside the 465 loop or 1980's built homes in more stable neighborhoods that you can be all into for $60k - $95k with rents in the $800 to $1k range. These are in Washington, Pike and Lawrence township.

Then there are B+ and above props that you can buy in the low to upper $100k's that will rent for $1000 to $1500 that are mostly 1995 and newer built and are in the suburbs surrounding the 465 loop.

Are you already investing?  If so, you doing stuff in your own backyard of CA, or elsewhere?

Let me know if this makes sense, or you have any other questions.

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