Two great deals in Indianapolis!

Is there a bank or stock that can give you over 13% return on your investment?

I just bought one for myself and I'm planning on 2 more...:-).

1. 10126 Catalina Drive, Indianapolis

4 bedrooms/1.5bath, 1200 sqf

Purchase price: $48,500 Assessed value: $66,700
Rent: $800 per month (just rented for 2 years!)

Estimated monthly expenses: $216 ( tax, insurance, and management)

Monthly cashflow: $588

ROI: 13.3%

4141 Mellis Dr., Indianapolis, IN

3 bedrooms/1.5 bath, 1140 sqf, fully remodeled!

Purchase price: $48,500 Assessed value: $67.600

Rent: $800

Estimated monthly expenses: $278

Monthly cashflow: $522

ROI: 11.8%

You can buy for 30% down if you qualify for a loan.

Feel free to contact me for additional information.

Naomi.

naomiesal@gmail.com

Why Indianapolis?

Some information about Indianapolis- a city I'm just learning about myself...

Indianapolis is best known for being the "Racing Capital of the World" with the Indy 500.

It is the 12th largest city in the Nation and the capital of Indiana.

The metro area has the highest job growth in the Midwest, with an influx of technology parks, bio tech and medical research. Some of the major employers are Eli Lilly, Purdue University, Indiana University, Rolls-Royce, FedEx, and SBC Indiana.
The city has gone through a dramatic revitalization and a renaissance that makes it a different place than it was just a decade ago. Indianapolis’ economy has transformed from one of primarily government and industry, to a much more diversified economy, contributing to the fields of education, health care, and finance. Tourism is also a vital part of the economy of Indianapolis, and the city plays host to numerous conventions and sporting events.

Some economic positive trends for Indianapolis:

Unemployment Below National Average (April 2011)
7.6% vs 9.2%
Job Growth (March 2011 vs. March 2010)
Non-farm payroll up 2.9%
Housing Affordability
93.5% of homes affordable to median income families
Median Income 7% Higher than National Average
Population Growth of Indianapolis MSA
Increased 15% 2010 over 2000. Nearly double the U.S. rate.

For additional information: http://en.wikipedia.org/wiki/Indianapolis

List of cashflowing properties in Indianapolis coming up! Stay tuned....

Naomi.

naomiesal@gmail.com

It's all about the numbers- that's why I'm buying in a NEW location!

Hello friends!

I've been very quiet for a while as Phoenix, my preferred investment location for the last 2 years became very frustrating to invest at. In the East Valley, where the hi-tech companies are located, there are multiple offers submitted for every property. I made full price, all cash offers on 4 houses for my own portfolio in the last month- and none was accepted. Very frustrating!

So I started searching and finally found IT!

I am buying an investment property, 3/2 in a good school district, fully rehabbed and look at those numbers!

Purchase price: $45,000

Assesed at: $ 54,000

Rent: $775 per month

ROI: 13% (You can't see this ROI on Phoenix any longer).

Local and professional property management is in place.

Would you like one of those too? ??

The property is located in a nice neighborhood of Indianapolis, IN and I'll be happy to help you get one of those gems for your investment portfolio too.

Sharing is caring...:-).

Contact me directly for additional information about Indianapolis and specific properties-this is so exciting!

An investors tour to Indianapolis is coming up end of February! Let me know if you are curious to see...

Yours,

Naomi.

naomiesal@gmail.com