Investing in apartments in Indianapolis- Is the ROI good?

[Zulf H.]

Hi BP members, My portfolio is mainly in Chicago and I have been considering investing in Indianapolis as the prices in Chicago have been going up quite a bit. I spent my college years in Indianapolis and I think it would be a good place to invest in multi-apartment building. I would like to get some advice/feedback from investors based in Indianapolis on how the rental market is in terms of ( Apartment availability, rental units occupancy, quality of tenants, apartment price appreciation) Also if you can advise what areas in Indianapolis would be good to invest for apartments with good tenants. Looking for less headache as it will be managed remotely. Thank You!

[Ric Ernst]

@Art Perkitny what metrics were used to develop this map? I invest in Indianapolis and, while I think it is terrific that this tool exists, I am not sure I agree with the assessments...at least not in some areas that I own property. Perhaps there is criteria here that I am missing?