Last updated on June 21st, 2023
airbnb property for sale Indianapolis City Center
Indianapolis is a remarkable city that continuously develops and offers plenty of opportunities for property investors. Aside from its superb green parks, sports facilities, and diverse gastronomy, Indianapolis is also an eye-catcher for investors as the housing prices are affordable.
To begin with, if you are considering investing in Indianapolis, it’s certainly important to consider the major costs and revenue before deciding to purchase a property. Here’s an interesting fact: Indianapolis is one of the best cities to start an Airbnb in the USA!
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“ Indianapolis (Marion County) is currently a hot seller’s real estate market – which means that the demand from buyers is exceeding the current supply of homes for sale. The pricing of homes is trending higher and is more attractive for sellers in the current phase.”
– Norada Real Estate Investments report on the Indianapolis Housing Market
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.
This includes the best website recommendations for property investment in Indianapolis, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Indianapolis City Centre?
Using an Airbnb calculator, the answer to the question “how much can I make on Airbnb?” can be easily answered! It was discovered that a 3-bedroom apartment in Indianapolis City Centre can generate an annual revenue of $57,250 with a steady occupancy rate of 57% and a nightly rate of $232.
airbnb property for sale Indianapolis City Center
Houses for Sale in Indianapolis City Centre
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the preferred neighborhoods in Indianapolis are Bates Hendricks, Irvington, and Downtown Indianapolis. Here are some of the profitable properties in Indianapolis City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
3037 Guilford Ave Lot 10, Indianapolis, IN 46205
1. Studio-type Property for Sale Indianapolis
1.1 miles to Joyce Kilmer School 69
Asking Price: $59,900
| GROSS RENTAL YIELD | 24.38% |
| ANNUAL REVENUE | $14,603 |
| CASH ON CASH RETURN | 47.37% |
6321 Brush Run Ct, Indianapolis, IN 46268
2. 1-Bedroom Property for Sale Indianapolis
0.5 miles to Pike High School
Asking Price: $80,000
| GROSS RENTAL YIELD | 22.43% |
| ANNUAL REVENUE | $17,941 |
| CASH ON CASH RETURN | 41.51% |
1111 Westbrook Ave, Indianapolis, IN 46241
3. 2-Bedroom Property for Sale Indianapolis
0.6 miles to Maplewood Elementary School
Asking Price: $109,900
| GROSS RENTAL YIELD | 22.91% |
| ANNUAL REVENUE | $25,182 |
| CASH ON CASH RETURN | 42.97% |
5040 Allisonville Rd UNIT D, Indianapolis, IN 46205
4. 3-Bedroom Property for Sale Indianapolis
Near Pets ‘R’ us – Dog Walking & Pet services
Asking Price: $119,000
| GROSS RENTAL YIELD | 24.01% |
| ANNUAL REVENUE | $28,567 |
| CASH ON CASH RETURN | 46.25% |
1139 E 35th St, Indianapolis, IN 46205
5. 4-Bedroom Property for Sale Indianapolis
0.7 miles Louis B. Russell Jr. School 48
Asking Price: $165,000
| GROSS RENTAL YIELD | 24.92% |
| ANNUAL REVENUE | $41,114 |
| CASH ON CASH RETURN | 48.99% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Indianapolis such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
