$99,900 Indianapolis Indiana 46235 in Indianapolis, Indiana

We have new construction homes that make a great investment property. There are several lots to choose from. Each property can be customized, with many options available. Why would you buy new construction in this market? First of all, these properties cost only $60/ sq. ft. That's unheard of in this market. Second, they are located in developed neighborhoods that attract tenants. We make sure that the neighborhoods are 90% owner occupied. On top of that, the builder will pay $2,000 towards closing costs! The builder will also lease up the first tenant, and provide a 3 year warranty. We project this property to rent for $1,050/month. Operating expenses are estimated at $3,080/annual. We project a cash flow of $304/month (if financed) and a cash on cash return of 18%. Why purchase old, run down properties that are a headache? Purchase a brand new property in a great market today. Contact me for more details.Listing originally posted at http