2616 N Caroline Ave, Indianapolis

Indiana, USA

Single Family

Full ownership

Price - $59,900

Expected Rent - $800

Property

4

Bedrooms

1

Bathrooms

1964

Year Built

1,276

Property sq. ft.

8,276

Lot sq. ft.

$47

Price per sq. ft

4 Bedrooms! Newly rehabbed single family home with large 2 car attached garage. Hardwood flooring, newly remodeled bathroom and master suite with spacious closet. Fenced in yard.


Location

+ Indianapolis is the 13th largest city in the US, the third largest Midwest City, and part of the 33rd largest Metropolitan Statistical Area with nearly 1.7 million residents. + Indianapolis’ population is projected to grow by 19% by 2020 which will Keep contribute to the real estate market to grow. + Indianapolis was ranked in the Wall Street Journal as one of the top three best markets in the country for real estate investment. + Indianapolis has one of the highest monthly rent to price ratios in the nation (approximately 1% vs. a national average of 0.4%). + Homes are currently selling for less than their replacement costs. + The PMI risk index ranks Indianapolis as the fifth least likely metropolitan area to depreciate in the next two years.


Market

Population Growth - 0.98% per year
Population Density - 861 per km²
Median Age - 35
Median Income - $54,939


Finance

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