Devon's Deals

Indianapolis Investor Deal of the Month

January 2024

The Anderson Deal

This cute little 3 bedroom/1 bathroom home in Anderson was listed for $119,997 and we got it under contract with a cash offer for $115,000. 

Cosmetically the home was in pretty good shape and only needed some interior paint, appliances, and other small odds and ends which totaled around $5,000.

The inspection uncovered roughly $7,300 worth of issues and we were able to negotiate a $6,000 credit/price reduction with the seller. 

Our client is right around $121,000 all in and this home is estimated to lease for $1050-$1150. 

Numbers & Location

-Listing Price: $119,997

-Purchase Price: $109,000

-Estimated Monthly Rent: $1,100

-Yearly Taxes: $1,400

-Inspection Repair Price:$7,300

-Rent Ready Repair Price: $5,000

-Seller Concessions: $6,000

Past Deals

Greenwood Find

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Avon Find

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Carmel Find

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