[Calc Review] Help me analyze this deal - Indianapolis

[Dan D.]

Hello,

I have been trying to research the Indianapolis area to the best of my ability. I am curious to know if the report below is a realistic investment I can make? Or am I too late to the Indy party.

I found this on realtor.com - its no secret I just want to know if I am analyzing/thinking of this the right way.

List Price: $49,000

Purchase Price: $44,000 - lets say I can get a couple thousand off and magically get a 30 conventional with 20% DP.

Repair Cost: $5,000.00 - 

Property Taxes @ 2% of list price - could be lower

Rent: $650.00

If there are any Indy market experts that want to chime in on my rates for vacancy, repairs, and CapEx that would be great. Can you also confirm if this would be considered a B/C area?

Any feedback appreciated.

Thanks!

View report

*This link comes directly from our calculators, based on information input by the member who posted.