The Kind of Properties You Wish You Bought Last Year

Happy Thursday! Hope your week is off to a great start. I spent the weekend at IMS soaking in the NASCAR festivals just enjoying INDY’s finest. 

We’re back in full swing this week:

• Turnkey duplexes hitting the market

• Our Summer Masterclass is right around the corner

• We're interviewing the NEU Group team on the pod—diving into what it takes to build a $450K duplex or a $575K triplex

• And the Roots team continues to grow
  

Quick WIN to share—Closed a short-term rental deal last week that did $65K in revenue last year, and it's on track to do even more this year. Yup, STRs are still alive and well in Indy.

The seller reached out on a Monday ready to move, and we brought him an off-market buyer in under 7 days. Closed it 4 weeks later.

Happy seller. Happy buyer. Happy Roots!

If short-term rentals are on your radar, let's talk. Indy might be the right market for you.

Also, shoutout to our newest agents joining the team—so excited to have them on board. If you haven’t met them yet, check out their welcome posts on Instagram:

Now into the deals!

- Max

P.S. If you haven’t heard yet, our Summer Masterclass is next week. If you got this email, you should be there…

P.P.S. Reply to this email if you’ll be there!

Property #1: Turnkey Duplex | 1% Rule

As always, schedule a call with me to talk about this deal or to update your criteria:
https://calendly.com/maxrealestate/lets-write-an-offer-15-minute-call

3624 N Illinois St, Indianapolis, IN 46208
$230,000
View on Zillow

Why I Like This Deal:

• Turnkey duplex in the Crown Hill area

• Strong rent-to-price ratio with minimal upfront work

• Clean layout and solid curb appeal

• No rehab budget needed

• Great long-term hold with strong projected cash flow and equity growth

MARKET RENTS:
$1,200 – $1,300 per unit ($2,400 – $2,600 total)

Location Notes:
Crown Hill is a growing neighborhood just north of downtown with strong rental demand and ongoing development. Close to Ivy Tech, Newfields, and major employers—great long-term upside.

By the Numbers:
At $2,300/month in rent, this duplex nets about $462/month in cash flow after factoring in 5% vacancy, 5% maintenance, 7% CapEx, 10% property management, and $1,200/year for insurance. That puts it at a 9.23% cap rate and 11.92% cash-on-cash return, with roughly $46,500 all-in.

View full deal sheet HERE —> Check out more details

Property #2: Major House Hack Potential

450 N Kealing Ave, Indianapolis, IN 46201
$239,900
View on Zillow

Why I Like This Deal:

• One unit occupied at $1,100/month

• Vacant side was previously rented at $1,375

• Strong chance to push rent to $1,450 on the vacant unit

• Rare 2 bed / 2 bath layout adds rental appeal

• Proximity to Windsor Park helps lift rent potential

• Great setup for house hack or long-term buy and hold

MARKET RENTS:
$2,550/month combined ($1,100 + $1,450 projected)

Estimated Cash Flow:

View full deal sheet HERE —> Get more Details

Property #3: Yes, This Single Family Does Cash Flow

1948 Bloyd Ave, Indianapolis, IN 46218
$149,900
View on Zillow

This single-family rental brings in $1,795/month. It’s a 3 bed / 1 bath property listed at $150,000.

For all you cashflow chasers—this one checks the box.

By the Numbers:
 
At $1,795/month in rent, this one clears about $507/month in cash flow after setting aside for vacancy (5%), maintenance (5%), CapEx (7%), management (10%), and $1,200/year in insurance. That works out to a ~10.4% cap rate and a ~17.6% cash-on-cash return on roughly $34.5K in.

View full deal sheet HERE —> Get more Details