Indianapolis, Indiana
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WHY INVEST IN INDIANAPOLIS, INDIANA Indianapolis: High Growth, Low Diversity, and High Education
Indianapolis is riding a few trends that are bringing about an early recovery in its real estate market. While Indianapolis did join in the housing boom this decade, prices didn't reach the stratosphere. The housing market hit bottom earlier here than in most parts of the country -during the last quarter of 2006. Now, with the local economy poised to grow faster than the national average over the next two years, house prices are projected to post a respectable gain. Median Sales price homes Growth rate from Quarter 1 in 2008 to Quarter 4 in 2009 was 6.3% and Indianapolis will see a growth rate of 5-7% by the end of 2010. • Indianapolis un-employment rate under national average • National Headquarters for Anthem Inc, Conseco Inc, Eli Lilly, Guidant Corp, Clarian Health, • Home of the 2012 Super bowl and the Indianapolis Colts • NCAA Hall of fame • Indy 500, Brickyard 400, and the Moto GP bring in millions of visitors every year. • Huge rental demand Indianapolis has a high rate of renters vs. owners inside the 465 • Indianapolis was one of the fastest growing metro areas in the midwest. • Indianapolis had the fourthlargest increase among metro areas in percentage of the population TRIPLEX Rent Rolls: IT IS FULLY RENTED Total Incoming Rents - $1,600.00 Expenses: 12 month averages Gas - ~$120 mth Total Expenses - ~$587 Net Profit - $1,013 Month Aging: Fueled by the baby boomers, the nation’s population is aging, although less so in the Indianapolis area. The 18-and – younger population grew 12%, compared with 2.5% nationwide. Diversification: Metro areas’ populations are more ethnically diverse than the nation as a whole, although Indianapolis’ is not. About 23% of the area’s population is nonwhite, compared with about 35% nationally. Educational attainment: More Americans are earning bachelor’s degrees, and the increase in Indianapolis was larger than the national increase. The percentage of those older than 25 with a bachelor’s degree increased from 26.5% to about 32%, the fourth largest percentage-point jump among the largest metro areas. Source: The Brookings Institution Property Management: We have the fastest growing property management group in Indianapolis. We are located centrally to the properties we sale so we can be as hands on as possible. We have built a relationship with Section 8 and all of our properties will be in this program. All of our properties will come with a home warranty and insurance paid up for one year.
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