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Updated almost 6 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Torrance, CA
  • Member since Nov 8, 2016
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Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Torrance, CA
  • Member since Nov 8, 2016
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Account Closed
  • Rental Property Investor
  • Torrance, CA
1,208
Votes |
724
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Buying & Selling Real Estate

What would you consider as B class in Indianapolis?

Account Closed
  • Rental Property Investor
  • Torrance, CA
Posted

I’ve become interested in Indianapolis as an out of state market. I know that property class is subjective. Indianapolis looks like it could be a great market, but I still haven’t gotten a feel for the city. What price points and rental rates would be considered B class?

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Jay Hinrichs
  • #1 All Forums Contributor
  • Lender
  • from Lake Oswego OR Summerlin, NV
  • Member since Jan 29, 2014
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Jay Hinrichs's profile image
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Jay Hinrichs
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  • Lender
  • from Lake Oswego OR Summerlin, NV
  • Member since Jan 29, 2014
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

Look at median price point for the MSA  which is right at 130 to 140k   and rents above 1000 and better yet 1200.

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