Class B SFH Rental Investing suburban Indianapolis

[Andrew Griffin]

How much would you pay for a Class B SFH in suburban Indianapolis?

I'm a new investor/wholesaler/broker from Indianapolis. I have a couple of sellers that are either already moving out of their homes (or interested in moving), therefore, no tenant in place. They are weighing out their options between listing as-is, getting a rehab first or selling off-market as-is.

Still need to verify the information below once I view the properties but here is what I have so far:

• 3 Bed and 2 or 1.5 Baths
• 1425 sqft
• Rents would be approx. $1,250 - $1,500 (depending on level of finishes)
• Cosmetic Light/Average Rehab of $15,000 - $25,000
• No major repairs needed
• ARV right around $150,00- 155,000
• HOA $30/month
• Property Taxes approximately $2,500 - $3,000 annually

I'm looking to find out what all-in price including rehab/closing costs an investor would be willing to pay for these. Thanks for any information or guidance!

[Anthony Sgro]

@Andrew Griffin it really depends on the area. Indianapolis value can change street by street. What general area are the properties located in?