Need a REALTOR® for your

Indianapolis area investment property?

OutofTownLandLord connects you with the Indianapolis area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Indianapolis area market below.

Peter Stewart, REALTOR®

Indianapolis Area Investment Specialist

State: Indiana

Counties: Marion, Hamilton, Boone, Madison, Hancock, Hendricks

Cities and Towns: Indianapolis, Zionsville, Carmel, Noblesville, Westfield, Cicero, Avon, Brownsburg, Lawrence, McCordsville

Real Estate Experience: Currently in my 8th year

Company: Keller Williams Realty

About Peter Stewart

I am a multi-generational Hoosier who was born and raised on the north side of Indianapolis. I attended North Central High School and then the Kelley School of Business at Indiana University, where I majored in Entrepreneurship.

Some would say real estate is in my DNA. My grandfather was the president of the Metropolitan Indianapolis Board of Realtors for many years, and I have many family members in the business as well. I am also a dedicated real estate investor, owning and managing multiple properties across the country.

After graduation, I move to Los Angeles to work in the television industry on the financial side of the house. In 2008 I decided to get my real estate license. Even though I started my career in one of the worst real estate markets in history, I found immediate success. Despite my accomplishments in Los Angeles, I decided to move my family back to Indiana to give my daughter a safe and proper Midwest upbringing, and continue my successful career in real estate.

I have worked with many investors of every type over the years, from the casual first timer to the high level multimillion dollar corporate clients. I have experience in many areas, including land development, small rental condos and single family homes, and large multi-unit properties. No matter what your experience level or strategy is, I can help you reach all your real estate investing goals.

I gained the bulk of my investment experience in Los Angeles, where I worked with investors from all over the country and world. My broad experience in the ultra competitive Los Angeles market gives me a unique advantage over other agents.

About the Indianapolis Area Market

Market Overview

Indianapolis has one of the most stable real estate markets in the country. Values did not drop much during the recession, and appreciation is slow, but steady. Several of the smaller communities around Indianapolis are constantly ranked in the best places to live (Carmel, Fishers, Zionsville). We have highly ranked schools (Carmel, Zionsville). Unlike most of the midwest, Indianapolis is thriving, experiencing both job and population growth. Some of the most well know companies call Indianapolis their home. These companies are Eli Lilly, Wellpoint, State Farm Insurance, Anthem, FedEx (which has the second largest hub in the country right here) just to name a few. We also have a very low unemployment rate (5% in 2015).

Indianapolis is also one of the sports capitals of the world, being host to the Indy 500, the Colts, the Pacers, Indy 11, Indianapolis Indians, the NCAA tournaments, and much more.

This is a great summary I found on Movoto:

“Indianapolis is considered one of the best cities in the Midwest when it comes to finding quality homes located in safe, affluent neighborhoods. Rich in history and tradition, you can find many different architectural styles ranging from Victorian to new modern. The city is well known for its entertainment venues. People from many walks of life have visited Indianapolis and then returned to make it their home. Sporting events and museums located in Indianapolis are also a major draw.”

Investment Price Points in the Indianapolis Area

If you are flipping, you can buy homes for as little as $5-10k. In very rough areas of course.

You can buy homes in the $20-60k range in the D neighborhoods.

Entry level price point for a C and above area would be $60-150k.

Mid level $150-250k

Upper Mid Level $250-400k

Upper Level $400k+ (these don’t really make sense for investments)

Most of the cash flow properties are in the entry and mid level price points. Rents just aren’t high enough to cash flow on the upper mid and upper level prices. There are still flip opportunities though.

Indianapolis Area Sample Properties

These recently settled homes are examples of what you can find in our market.

The sale prices are the actual sold prices, and the rents are what these types of homes could rent for in today’s market.

Entry Level

Sample 1Sample 2Sample 3
Town Indianapolis Indianapolis Indianapolis
Type (SF, TH, Condo, Multi) SF SF Condo
Est. Sale Price $120,000 $70,000 $45,000
Est. Taxes (Monthly) $2,400 $1,400 $900
Est. Insurance (Monthly) $100 $90 $20
Est. HOA and/or Condo Fee (Monthly) $0 $0 $250
Est. Rent (Monthly) $1,200 $750 $650
Age (Year Built) 1990 1960 1980
Approx. Sq.ft. 1,500 1,500 1,000
Bedrooms/Full Baths/Half Baths 3/2 3/2 2/2
Garage Yes Yes Yes
Lot Size .15 acre .25 acre N/A

Mid Level Price Points

Sample 1Sample 2Sample 3
Town Fishers Carmel Noblesville
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $175,000 $260,000 $145,000
Est. Taxes (Monthly) $3,500 $5,200 $2,900
Est. Insurance (Monthly) $100 $120 $100
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $1,500 $2,000 $1,400
Age (Year Built) 1995 2000 1990
Approx. Sq.ft. 1,800 3,200 1,800
Bedrooms/Full Baths/Half Baths 3/2.5 4/2.5 3/2.5
Garage Yes Yes Yes
Lot Size .2 acre .33 acre .25 acre

Multi Unit Price Points

Sample 1Sample 2
Town Carmel Indianapolis
Type (SF, TH, Condo, Multi) 4 Unit 2 Unit
Est. Sale Price $225,000 $180,000
Est. Taxes (Monthly) $4,500 $3,600
Est. Insurance (Monthly) $120 $100
Est. HOA and/or Condo Fee (Monthly) $0 $0
Est. Rent (Monthly) $2,900 $1,800
Age (Year Built) 1900 1950
Approx. Sq.ft. 1,900 3,000
Bedrooms/Full Baths/Half Baths 4 1/1’s 2 2/2’s
Garage Yes No
Lot Size .5 acre .4 acre

Let's Talk!

Copyright © 2017 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design by Dakno Marketing.