Why Indianapolis?
While much of the country braces for a recession, Indiana just had a record-breaking year of economic development, attracting over $22 Billion in Investment Capital and creating over 24,000 new jobs! Most of it was directed towards the Indianapolis MSA, a market whose residential population has grown over 20% in the last 15 years while the cost of living and the unemployment remain well below the national average.
Property Highlights
- Fully-Renovated Single Family Homes in Majority-Owner-Occupied Areas
- Tenants and Local Property Management in Place
- 7% Average Cap Rate
- $150,000 Average Purchase Price
- Hand-Selected Micro Markets
Market Highlights
- One of the most stable real estate markets in the country that declined less than 7% during recession (FHFA.gov).
- Indianapolis has an unemployment rate below the national average (Source: BLS.gov).
- Job growth – 22,900 jobs added in 2018.
- College town – universities create consistent rental demand.