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Updated about 10 years ago,
Indianapolis SFH analysis
I have SFH 3bd/1b in a B neighborhood in Indianapolis. Comps in the area are renting for $1000-1150/mo. Location is great and I feel I could get the upper end of the rental range.
Needs about $5k in cosmetic repairs/flooring and appliance replacement. The seller wants $105,000. How would the real estate pros evaluate this deal?
Any input is appreciated.