Happy Friday,
Where did the warmth go??? And why are Christmas lights already going up? Anyone else feeling that this week? π
As we head into the end of the year, I always like to remind you: our market slows WAY down. Sellers pull listings, motivations shift, and people start questioning if they even want to move anymore.
But this year feels different.
The only people selling right now are the ones who have to sell β which means those homes sitting on the market for 30, 40, 50, 60+ days often have highly motivated sellers behind them.
Weβve been trained to think high DOM = bad house.
Not true right now.
Itβs almost always a pricing issue, and trust meβ¦ Iβve learned that the hard way on a few of my own listings this year.
Itβs funny how the moment I price a home correctly, I end up with multiple offers. I literally had a listing go to highest & best last week β two weeks after a price drop.
Itβs just a weird, unpredictable moment in the marketβ¦ but if youβre someone whoβs been waiting and βtiming the market,β congratulations β your moment is HERE.
Go write 15 offers a day and go get yourself a deal.
Nowβ¦ letβs talk about the 50-year mortgage noise because itβs louder than anything right now β even current rates. Hereβs my take π
Important Note Before the Deals:
If you want to network with people who are thinking just like you, building wealth, and playing this game intentionallyβ¦ Come to our LAST event of the year β¬οΈ
Alright β now for the deals - (READ UNTIL THE END FOR A HOLIDAY BONUSβ¦)
If even slightly interested in one of these deals hit reply! I would love to have a conversation, even if itβs just out of curiosity.
Property #1: STR Jackpot in Old Northside
213β215 E 15th St, Indianapolis, IN 46202
Check It Out Here | STR Duplex | Old Northside
Asking Price: $750,000
π‘ Why I Like This Deal
You are buying two high-performing STR townhomes in one of Indyβs most premium neighborhoods.
Old Northside is an STR hot zone with strong walkability and consistent travel demand.
What stands out:
β’ Proven STR revenue β not pro forma
β’ Renovated, modern interiors with Victorian detail
β’ 6 beds, 7 baths across two units (rare configuration)
β’ Perfect for STR, MTR, or furnished executive rentals
β’ Minimal rehab required β immediate income
β’ Strong neighborhood appreciation + rental upside
π Market Rents (ACTUAL Performance)
Using ONLY historic STR income for 213 & 215 (no Double unit):
Historic Airbnb Revenue
Unit | Historic Revenue | Notes |
|---|---|---|
215 E 15th | $81,890 | ~24-month period |
213 E 15th | $54,516 | ~18β22 months active |
Combined Proven Revenue | $136,406 Total | Average $5,600β$6,200/mo blended |
This aligns closely with the performance range of STR units in Old Northside of similar size.
Conservative Underwriting Range:
$5,500 β $6,500/mo combined.
Aggressive (with optimization):
$7,000 β $8,000/mo combined (based on peak months shown in pivot data).
Property #2: Your Next Stress-Free Long Term Rental
1453 N Denny St, Indianapolis, IN 46201
Check It Out Here | 3B/2B Full Renovated | Near Eastside
Asking Price: $189,900
π‘ Why I Like This Deal
This is a simple, low-maintenance long-term rental.
You negotiate the price + buy down the rate, but even as-is with 20% down, the deal works.
Youβre buying this because:
β fully renovated = low CapEx
β tenant-paid utilities
β 3/2 layout rents at the top of this submarket
β low taxes
β strong appreciation pocket near Brookside / Kan-Kan / Ameliaβs
π FULL Financial Breakdown
1. Realistic rent target: $1,600/mo
This is the number the deal is built on.
2. Purchase Price (target): $189,900
20% Down: $37,980
Loan Amount: $151,920
3. Expenses at a 6.75% rate (very realistic with a small buy-down):
P&I: $986/mo
Taxes: $38/mo
Insurance: $70/mo
Maintenance/CapEx: $150/mo
PM (optional): $160/mo
Total Expenses: ~$1,404/mo (with PM)
Total Expenses: ~$1,244/mo (self-manage)
4. Cash Flow if Renting for $1,600/mo:
Self-manage:
$1,600 β $1,244 = +$356/mo
With Property Management:
$1,600 β $1,404 = +$196/mo
This is EXACTLY what you want from a newly renovated rental:
β positive cash flow
β low maintenance
β stable area improvement
β hedge against CapEx disasters (because everything is new
Property #3: Butler-Tarkington Cash Flow
3942 Cornelius Ave, Indianapolis, IN 46208
Check It Out Here | 6B/3B Duplex | Butler Tarkington
Asking Price: $249,900
π‘ Why I Like This Deal
Path to a True 1% Duplex: With one side rented at $1,200 and the vacant unit positioned to lease higher, this property has a realistic path to hitting the 1% rule once stabilized.
Strong Butler-Tarkington Demand: Located in a steady, rental-friendly pocket near Butler University and just south of Meridian Kessler, offering long-term stability, consistent tenant pools, and upside over time.
Rent-Ready on Day One: Minimal immediate repairs needed. Itβs older (normal reinvestment at turnover), but nothing that blocks day-one income.
Flexible, Functional Layouts: Two different floor plans strengthen leasing flexibility, with the larger unitβs open main level typically renting faster and retaining tenants longer.
Rare Two-Car Garage: A shared garage is uncommon in this submarket and boosts tenant appeal, retention, and overall rental performance.
π The Numbers
Property #4: Butler Again⦠This Time a QUAD
4044 Boulevard Pl, Indianapolis, IN 46208
Check It Out Here | 4B/4B Quadplex | Butler Tarkington
Asking Price: $394,000
π‘ Why I Like This Deal
A rare quad in Butler-Tarkington with major CapEx already done β newer roof, windows, and three newer water heaters. Three of the four units are currently rent-ready/occupied, and the fourth is your light value-add opportunity.
β 3 units rented or rent-ready
β 1 unit needs minor turn
β Recent rents: $900β$975/mo
β $3,600/mo rent potential day one
β Even more upside with MTR/STR positioning
β Lender offering $8,000 credit to buy down your rate
π The Numbers
β’ Rent potential: $3,600/mo
β’ Market upside: $4,000+
β’ PITI w/ 25% down + buy-down: β $2,800/mo
β’ Cash flows immediately, even before value-add
Holiday BONUS: Duplex Package π
π₯ Why This Package Wins
This is the kind of package investors chase:
Two stabilized, cash-flowing duplexes right next to each other in a rapidly improving pocket of the Near Eastside. You get instant scale, easy management, and real upside without renovation risk.
β 4 total units
β 3 units leased with real rent rolls
β 1 unit vacant β immediate value-add (fill at market)
β Tenants pay all utilities
β Surrounded by renovated homes + new construction
β Perfect buy-and-hold with appreciation tailwinds
π° Rent Roll (Actual Numbers)
π 228 N Tacoma Ave
β’ Unit A β Vacant (market rent $1,000/mo)
β’ Unit B β Leased at $700/mo
Total: $700 actual | $1,700 pro forma
π 224 N Tacoma Ave
β’ Unit A β Leased at $1,000/mo
β’ Unit B β Leased at $850/mo
Total: $1,850 actual
π Combined Package Performance
Current Income: $2,550/mo
Β Pro Forma Income (once 228A is filled): $3,550/mo
At $359,800 for both, this hits:
π 1% rule on pro forma
π Stabilized cash flow day one
π All four units 1-bed/1-bath = low turnover, easy leasing, affordable rents
π The Investor Angle
Youβre buying four units for the price of two renovated houses.
With one vacant unit, you set your own rent day one.
Tenant-paid utilities means clean operating expenses and predictable cash flow.
This is a rare chance to buy side-by-side cashflowing assets in an appreciating corridor β not something that hits the market often.
π Summary
4 doors
$359,800 package price
$2,550/mo current | $3,550/mo stabilized
Tenant-paid utilities
Low CapEx, growing neighborhood, extremely clean numbers
Perfect for:
β’ New investors wanting scale
β’ Seasoned BRRRR/portfolio buyers
β’ 20% down long-term hold buyers
β’ Anyone chasing cash flow + low maintenance
You have to dig into the mud to find the gold, which starts by simply taking ACTION. To get started hereβs our Indy Investor Resources (guides, podcasts, courses, events coming soon, you name it).
Need an Agent? Talk about your Strategy / Goals? β>Β Roots Realty Co. Website
Follow along with us β> Β Connect with us on InstagramΒ
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Roots Realty Co. is the investment-minded, education-first brokerage team in Indianapolis. We offer buying, selling, investing services, as well as one-of-a-kind educational content and networking opportunities. Get plugged in, just go to our website and book a chat!
PS - Iβd love your feedback. How can we better set up this deal sheet? What would you like to see more of? - Max & Trace (Roots Deal SheetTeam)