Zionsville Indiana rental

[Geoff Nielson]

Investment Info:

Single-family residence buy & hold investment in Zionsville.

Purchase price: $217,500
Cash invested: $60,000

A SFH investment in the Zionsville, Indiana area. Property is a 3br 2ba and about 2500 sq ft. with a 2 car garage. It was purchased as a turnkey property that could be rented out with minimal investment. It has been rented out for $1700 for 3 years with a long-term renter in place.

What made you interested in investing in this type of deal?

Easy to rent in Zionsville - incredible schools and high property appreciation.

How did you find this deal and how did you negotiate it?

MLS - minimal negotiations done through agents

How did you finance this deal?

From cash reserves - buy and hold and leaving investment in the property.

How did you add value to the deal?

Market appreciation due to the community appreciation

What was the outcome?

Still holding

Lessons learned? Challenges?

Great investment