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Updated over 8 years ago on . Most recent reply

User Stats

328
Posts
124
Votes
Carlos Rovira
  • Investor
  • Miami, FL
124
Votes |
328
Posts

Indianapolis TurnKey - Need Opinion

Carlos Rovira
  • Investor
  • Miami, FL
Posted

Hi Everyone,

I am in the process of purchasing my first TurnKey investment out of state, in Indianapolis. I got the inspection report back and am wondering if I can get some of you to provide feedback. I am new to this market so I have no real standards to compare this to. 

Address: 3525 Aylesford Ln. The property will supposedly rent for $1,250/mo. I am paying $122,500 for it with 20% down.

I am copying the link to the report and photos below. I'd appreciate some comments as to whether this property, and the quality of the rehab from the photos, is one that can command the $1,250/mo and whether or not it can sustain this in the long run.

https://drive.google.com/folderview?id=0B7oImZUDDb...

Thanks in advance!

  • Carlos Rovira

Most Popular Reply

User Stats

1,325
Posts
557
Votes
Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
557
Votes |
1,325
Posts
Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
Replied

Carpet is fine here in that price range.

For my personal rentals, I've been using the rubberized hard wood laminate flooring everywhere but the bedrooms.  This stuff looks great and last through several tenants - unlike the lesser priced press board laminate that will swell up if it gets just a little wet...

Yes, you should at least have a complete set of appliances at any price - especially full retail!

Let me know when you're ready for the next one - I can save you a lot of time [and money]!

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