Indianapolis Property great for short-term rentals

[Steven Denkers]

I have a residence with a separate apartment that I rented on Airbnb (perfect set-up). The most full year (we travel a lot) grossed over $30,000. With some slight modifications to the main house, I think it could easily be two more units that are much more profitable than the apartment. 5200 total sq ft. I'm thinking $110,000/year total income. It is in a great location just north of Broadripple. The neighborhood is quiet and has no HOA. The property is on a pond. There are 2-car and 4-car attached garages, so plenty of parking. It has been totally rehabbed.

We need to move out of state to be closer to my wife's ailing parents.

How would I go about marketing this property as a good investment potential?

How much should such a property sell for as an investment?

I am new to this forum, so any feedback would be appreciated.

Thanks,

Steve

[Corey Minard]

@Steven Denkers

Hi Steve! Do you own the properties free and clear? Seller financing may be way to market the investment that would garner more attention as you’d be appealing to a wider investor pool.