Check out this single family home with a detached garage in Wayne Township’s Rainbow Ridge neighborhood. This is a great rental neighborhood with equity! Make this your next BRRRR (buy rehab rent refinance repeat) deal in Indy!!
Roof – 4 years old
Furnace – 2 years old
AC – 15 years old
Water Heater – 1 year old
The cheapest 2/1 in a quarter mile in the same neighborhood sold for $119,900. There is plenty of room here to add equity and start collecting strong rents quickly.
Recent same neighborhood 1/4 mile 2-bedroom sales include:
1748 N Alton – SOLD $119,900 (2/1, 1-car detached, 720 sf, 13 DOM)
1760 N Tibbs- SOLD $123k (2/1, 682 sf, 2-car detached, 52 DOM)
2018 N Rochester – SOLD $133k (2/1, 600 sf, 2-car detached, 1 DOM)