Indianapolis Investment Property

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Real Estate Investment Property

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Indianapolis, Indiana

Highest Job Growth in the Midwest
  • Ranked the #1 most affordable place to own real estate. (Forbes Magazine)
  • Unemployment below national average.
  • Highest job growth in the Midwest.
  • Properties up to 20% below market value.
  • 3-Year appreciation forecast of 12.4%.
 Indianapolis Investment Property
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CURRENT INVENTORY Rent Guarantee

New Construction, Indianapolis
9 Photos
Home for sale: New Construction, Indianapolis, IN
   		 Market Value: $120,000 Rental Income: $1,050
Price: $100,000 Property Tax: $137
Bedrooms: 4 Insurance/HOA: $48
Baths: 2.5 Property Mgmt: $105
Size: 1,404  Cash Flow (NOI): $760
Built: 2011 Cap Rate: 9.1%
Parking: 2 car att. Rent/Value Ratio: 0.9%
Leased: Yes DealGrader™: 9.1
Richelieu Road, Indianapolis
1 Photo
Home for sale: Richelieu Road, Indianapolis, IN
   		 Market Value: $70,000 Rental Income: $800
Price: $70,000 Property Tax: $46
Bedrooms: 4 Insurance/HOA: $33
Baths: 2 Property Mgmt: $80
Size: 1,967  Cash Flow (NOI): $641
Built: 1963 Cap Rate: 11%
Parking: Driveway Rent/Value Ratio: 1.1%
Leased: Yes DealGrader™: 9.1
  • All Rehab Complete
  • Solid tenant with a 2-year lease.
  • Lawrence township schools.
  • Great deal for the price!
North Graham Avenue, Indianapolis
8 Photos
Home for sale: North Graham Avenue, Indianapolis, IN
   		 Market Value: $80,000 Rental Income: $850
Price: $64,900 Property Tax: $75
Bedrooms: 3 Insurance/HOA: $42
Baths: 1.5 Property Mgmt: $85
Size: 1,180  Cash Flow (NOI): $648
Built: 1950 Cap Rate: 12%
Parking: 1 car att. Rent/Value Ratio: 1.1%
Leased: Yes DealGrader™: 9.1
Tenant occupied with a 2 year Section 8 lease at $850/month.  Rented until December 2013.  Renovations include a brand new roof, all-new full 1 piece 6 inch gutters, restored hard wood floors, new interior paint, tile in kitchen and bathrooms, tiled shower, vinyl windows.
Winfield Ave, Indianapolis
5 Photos
Home for sale: Winfield Ave, Indianapolis, IN
   		 Market Value: $50,000 Rental Income: $548
Price: $37,500 Property Tax: $81
Bedrooms: 2 Insurance/HOA: $42
Baths: 1 Property Mgmt: $55
Size: 720  Cash Flow (NOI): $370
Built: 1930 Cap Rate: 11.8%
Parking: Street Rent/Value Ratio: 1.1%
Leased: Yes DealGrader™: 9.1
Tenant occupied with a 2 year Section 8 lease at $548/month. Rented until January 2014. Renovations include new vinyl siding (painted), new vinyl windows, fresh two-tone paint, new kitchen sink and faucet, new water heater, new furnace, newer linoleum in kitchen and bathroom, new electric wiring, new attic insulation helps keep utilities low, landscaping.  (Zillow's Zestimate valued at $66,000)
Carrollton Ave, Indianapolis
1 Photo
Home for sale: Carrollton Ave, Indianapolis, IN
   		 Market Value: $100,000 Rental Income: $750
Price: $70,000 Property Tax: $100
Bedrooms: 3 Insurance/HOA: $33
Baths: 1 Property Mgmt: $75
Size: 2,160  Cash Flow (NOI): $542
Built: 0 Cap Rate: 9.3%
Parking: Street Rent/Value Ratio: 0.8%
Leased: Yes DealGrader™: 9.1
  • Zillow market value of $132,500!
  • Washington township schools.
  • This area attracts solid, upper-scale renters.
Welch Drive, Indianapolis
4 Photos
Home for sale: Welch Drive, Indianapolis, IN
   		 Market Value: $65,000 Rental Income: $750
Price: $65,000 Property Tax: $75
Bedrooms: 3 Insurance/HOA: $33
Baths: 1 Property Mgmt: $75
Size: 975  Cash Flow (NOI): $567
Built: 1656 Cap Rate: 10.5%
Parking: Car port Rent/Value Ratio: 1.2%
Leased: Yes DealGrader™: 9.1

Basic Purchase Information
Est. Property Value $
Purchase Price $
Down Payment (%) $
Equity at Purchase $

Mortgage Calculations
Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Monthly Payment $
Annual Payment $

Cash at Closing
Loan Amount $
Down Payment (%) $
Closing Costs (%) $
Total Cash Required $
 
* Blue boxes can be changed.

Financial Performance Summary
Cap Rate (Year 1)
Cash on Cash Return
Total Equity at Year 5 $

Calculation Assumptions
Rental Income (Monthly) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (%)
Closing Costs (Sale) (%)

Cash Flow and Equity Accumulation
CASH-FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
Vacancy Allowance
Total Operating Income
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
minus Total Operating Expenses
Net Operating Income
minus Mortgage Expense
GROSS CASH FLOW
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
(Mortgage Balance)
EQUITY (WEALTH)
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)