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16
Values Hold at $121K, Yield at 14.8%
Updated 11 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential in the current Indianapolis market. Monthly income is estimated to range between $1,193 and $1,316, providing a solid foundation for investors looking for steady, consistent monthly cash flow. With an impressive yield of approximately 14.76%, this condo stands out as a strong income-generating asset. These figures highlight the property's attractiveness for those seeking a practical, high-yield addition to their real estate portfolio.
More about this home
Neighborhood Assessment
South Perry in Indianapolis is a laid-back suburban spot with tree-lined streets, plenty of sidewalks, and a mix of older condos and family homes. You get good access to shopping and dining—plus you're just a quick drive from downtown, making commuting pretty painless. The area feels pretty stable and safe, with low flood and fire risks, and folks seem to stick around for the long haul. Nearby schools are a mixed bag: some get solid reviews, others less so, but you've got options close by. Homes here are mostly affordable, with 2-bed condos swinging between $91K and $132K, and the $104/sqft average keeps things accessible for first-time buyers or investors. Most comps are right around your unit’s size, and things sell at a steady clip, so you won’t be left hanging if you decide to list.
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Rental Income
$15K
Yield
14.8%
Year 1 Estimates
Fix-and-Flip
Modernizing this condo adds genuine appeal, lifting value from $114 to $121 per square foot. This 6% boost in price per square foot helps your property shine, positioning it for higher sell and rent potential. Renovating creates a fresh, inviting space that attracts quality residents and enhances your lifestyle. With an estimated $7,000 in added value, this project is a smart way to upgrade your investment while enjoying a modern home.
Value Add
$7K
Post Typical Renovation
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value estimated between $110,000 and $121,000. Targeted updates should capture the market value premium, positioning the property competitively against local sales averaging $123,304 for renovated units. The investment generates a projected monthly rental income of $1,270, resulting in a healthy 13.2% yield. This performance provides consistent cash flow, making the property an attractive, practical choice for investors seeking reliable long-term rental returns.
Rental Income
$15K
Yield
13.2%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$102K
$18K below comp median
Comparative Market Analysis
$112K – $137K
~62 days to sell
Based on 5 comps
2905 Country Estates Dr, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip