Steele Ventures is proud to announce the acquisition of a 3-bedroom, 2-bathroom single-family home secured off-market through a trusted wholesaler relationship. This acquisition exemplifies our core strategy: identifying undervalued homes with high potential and turning them into safe, long-term rental housing for residents in need.

While this property requires renovation, it represents a high-impact opportunity to serve both our community and our investors. Our intent is to lease the home to a VASH (Veterans Affairs Supportive Housing) or Section 8 tenant, providing critical housing stability for underserved populations—particularly veterans.

Project Overview

• Property Type: Single-family residential

• Acquisition Method: Off-market wholesale deal

• Strategy: Value-add renovation & lease to VASH/Section 8 tenant

• Location: Indianapolis, IN (specific neighborhood optional)

Investment Highlights

• Acquisition Price: $120,000

• Rehab Budget: $30,000

• After Repair Value (ARV): $185,000

• Projected Rent (VASH/Section 8): $1,800/month

• Stabilized Cap Rate (Pro Forma): 8.21%

• Cash-on-Cash Return (Year 1): 12.65%

• Loan-to-Value (Target at Refi): 75%

• Hold Strategy: Long-term rental with Section 8 voucher

Why This Property Matters for Lenders

This project embodies Steele Ventures’ disciplined approach to value-add investing, with a strong focus on low-risk, subsidized rental programs that deliver reliable monthly income and minimal vacancy.

Key reasons this deal is attractive to lenders:

• Predictable rental income through government-backed vouchers

• Community impact by supporting local veterans and long-term renters

• In-house project management and trusted contractor network

• Efficient off-market acquisition process through established wholesaler partnerships

• Long-term equity appreciation in a growing Indianapolis submarket

Conclusion: Investing in Housing and Human Potential

This acquisition allows us to do more than just improve a property—we’re creating a place of dignity, security, and growth for a tenant who truly needs it.

At Steele Ventures, we view every house as an opportunity to build something better—not just for our business, but for our neighbors. Our partners, from lenders to wholesalers to housing advocates, are essential to making this vision a reality.

We’re ready to deliver meaningful returns—financially and socially—and we’re seeking lending partners who value impact, reliability, and responsible growth.