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11
Values slide to $133K, 6 sales deep
Updated 12 days ago
Your Investment Paths
Turnkey Rental
This property shows excellent rent potential for your portfolio. Based on current market data, you can expect a monthly rental income between 1,317 and 1,505. This represents a strong gross yield of approximately 19.92 percent. With a median area rent of 1,420, this condo is well-positioned to attract reliable tenants. Given the high demand for two-bedroom units, this investment offers a promising path toward steady cash flow and solid returns.
More about this home
Neighborhood Assessment
South Perry is a practical, working-class neighborhood in Indianapolis where folks know each other and keep things simple. You’ve got community parks, playgrounds, mature trees, and decent sidewalks—so you can walk your dog or take a stroll without dodging traffic every five seconds. Most folks drive for groceries, but it’s a laid-back spot with a quiet suburban feel, and having a handful of public schools nearby is handy for families—or those renting to them.
Market Activity
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Rental Income
$17K
Yield
19.9%
Year 1 Estimates
Fix-and-Flip
Modernizing your condo offers a significant edge, raising value to roughly 146 dollars per square foot compared to the baseline 141 dollars. This represents a 3.6 percent increase, helping your home shine in a crowded market. These updates create a welcoming, contemporary atmosphere that attracts quality residents and enhances long-term desirability. With a steady rent potential of up to 1667 dollars, these improvements turn your property into a truly standout, comfortable investment.
Value Add
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $153,000 and $169,000. With a healthy rental income of $1,499 per month, this asset provides an attractive 11.2% gross yield for investors. The market shows stable demand for renovated condos in this area. While the flip margin is modest, the consistent rental performance makes this a reliable cash-flow play for a long-term buy-and-hold portfolio strategy.
Rental Income
$18K
Yield
11.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$85K
$48K below comp median
Comparative Market Analysis
$112K – $210K
~79 days to sell
Based on 6 comps
2804 Punto Alto Cir, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip