Indianapolis Indiana Investment Property

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Indianapolis Investment Property
Rental Income Protection for Investment Property


 Meadow Ln (Greenfield), Indianapolis, 46140  [RWA]
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Home for sale: Meadow Ln (Greenfield), Indianapolis, IN
   
Purchase Price: $157,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,300
Bedrooms: 4 Property Tax: $112
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,604  Property Mgmt: $104
Price/Sq foot:  $98 Cash Flow: (Raw) $1,024
Year Built: 1979 Cap Rate: 7.8%
Parking: 1 Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.3
This single family property has 4 bedrooms and 1.5 bathrooms and is located in Greenfield area.
 E Hazelwood Dr S (Shelbyville), Indianapolis, 46176  [RWA]
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Home for sale: E Hazelwood Dr S (Shelbyville), Indianapolis, IN
   
Purchase Price: $104,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,000
Bedrooms: 2 Property Tax: $132
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,040  Property Mgmt: $80
Price/Sq foot:  $101 Cash Flow: (Raw) $728
Year Built: 1960 Cap Rate: 8.3%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.5
This property has is located in  Shelbyville and has 2 bedrooms and 1 bathroom.
 Cruft St., Indianapolis, 46203  [ITP]
1 Photo
Home for sale: Cruft St., Indianapolis, IN
   
Purchase Price: $89,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $900
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,086  Property Mgmt: $90
Price/Sq foot:  $83 Cash Flow: (Raw) $675
Year Built: 1905 Cap Rate: 9.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
This single family home has 3 bedrooms and 1 bathroom and was built year 1905.
 N Denny St., Indianapolis, 46201  [ITP]
1 Photo
Home for sale: N Denny St., Indianapolis, IN
   
Purchase Price: $79,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $800
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,224  Property Mgmt: $80
Price/Sq foot:  $65 Cash Flow: (Raw) $585
Year Built: 1917 Cap Rate: 8.8%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5
This bungalow home has 3 bedrooms and 1 bathroom and was built year 1917.
 Priscilla Ave, Indianapolis, 46218  [ITP]
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Home for sale: Priscilla Ave, Indianapolis, IN
   
Purchase Price: $70,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $800
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 918  Property Mgmt: $80
Price/Sq foot:  $76 Cash Flow: (Raw) $585
Year Built: 1951 Cap Rate: 10.0%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.8
This property has 3 bedrooms and 1 bathroom, it has nice windows in the living room that over looks the front yard.
 N Euclid Ave, Indianapolis, 46218  [ITP]
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Home for sale: N Euclid Ave, Indianapolis, IN
   
Purchase Price: $75,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 912  Property Mgmt: $88
Price/Sq foot:  $82 Cash Flow: (Raw) $653
Year Built: 1958 Cap Rate: 10.4%
Parking: 1 Rent/Value Ratio: 1.2%
Neighborhood: B– DealGrader™: 7.8
This property is in a friendly neighborhood and has 3 bedrooms and 1 bathroom.
 Temperance Ave, Indianapolis, 46203  [ITP]
1 Photo
Home for sale: Temperance Ave, Indianapolis, IN
   
Purchase Price: $89,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $900
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,136  Property Mgmt: $90
Price/Sq foot:  $79 Cash Flow: (Raw) $675
Year Built: 1968 Cap Rate: 9.0%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
This fantastic 3 bedroom and 1 bathroom home is on the south-east side od Indiana, it has a spacious living room, eat-in-kitchen and large closets.
 S Graham Ave, Indianapolis, 46219  [ITP]
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Home for sale: S Graham Ave, Indianapolis, IN
   
Purchase Price: $75,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $800
Bedrooms: 2 Property Tax: $90
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 725  Property Mgmt: $80
Price/Sq foot:  $103 Cash Flow: (Raw) $570
Year Built: 1950 Cap Rate: 9.1%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.6
This is one charming property that has 2 bedrooms with 1 bathroom that was built year 1950. Currently leased.
 N Park Ave, Indianapolis, 46205  [ITP]
2 Photos
Home for sale: N Park Ave, Indianapolis, IN
   
Purchase Price: $215,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $2,100
Bedrooms: 6 Property Tax: $100
Bathrooms: 2 Insurance/HOA: $100
Size: (sq ft) 1,674  Property Mgmt: $210
Price/Sq foot:  $128 Cash Flow: (Raw) $1,690
Year Built: 1928 Cap Rate: 9.4%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
DUPLEX Property. It has 3 bedrooms and 1 bathroom per unit, rent is at $1050 per unit.


 Cameron St, Indianapolis, 46203  [ITP]
7 Photos
Home for sale: Cameron St, Indianapolis, IN
   
Purchase Price: $103,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $999
Bedrooms: 3 Property Tax: $172
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,200  Property Mgmt: $100
Price/Sq foot:  $87 Cash Flow: (Raw) $667
Year Built: 1943 Cap Rate: 7.7%
Parking: 2 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.4
This property has 3 bedrooms and 1 bathroom and is currently leased.
 Allen Ave, Indianapolis, 46203  [ITP]
1 Photo
Home for sale: Allen Ave, Indianapolis, IN
   
Purchase Price: $103,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,015
Bedrooms: 3 Property Tax: $145
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,011  Property Mgmt: $102
Price/Sq foot:  $103 Cash Flow: (Raw) $709
Year Built: 1929 Cap Rate: 8.2%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5
This property has 3 bedrooms and 1 bathroom and is currently leased.
 King Ave, Indianapolis, 46222  [IRG]
7 Photos
Home for sale: King Ave, Indianapolis, IN
   
Purchase Price: $65,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $650
Bedrooms: 2 Property Tax: $32
Bathrooms: 1 Insurance/HOA: $37
Size: (sq ft) 1,092  Property Mgmt: $52
Price/Sq foot:  $60 Cash Flow: (Raw) $529
Year Built: 1920 Cap Rate: 9.8%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
This property has 2 bedrooms and 1 bath and is located in Indianapolis area.
 Ridgefield Dr, Indianapolis, 46235  [RM]
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Home for sale: Ridgefield Dr, Indianapolis, IN
   
Purchase Price: $107,050 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $966
Bedrooms: 3 Property Tax: $80
Bathrooms: 1 Insurance/HOA: $45
Size: (sq ft) 1,225  Property Mgmt: $77
Price/Sq foot:  $87 Cash Flow: (Raw) $764
Year Built: 1972 Cap Rate: 8.6%
Parking: 1 Rent/Value Ratio: 0.9%
Neighborhood: C+ DealGrader™: 7.5
This property has 3 bedrooms and 1 bathroom and was built year 1972.
 Breen Ct, Indianapolis, 46235  [RM]
1 Photo
Home for sale: Breen Ct, Indianapolis, IN
   
Purchase Price: $96,858 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $895
Bedrooms: 3 Property Tax: $111
Bathrooms: 2 Insurance/HOA: $40
Size: (sq ft) 1,998  Property Mgmt: $72
Price/Sq foot:  $48 Cash Flow: (Raw) $672
Year Built: 1961 Cap Rate: 8.3%
Parking: 1 Rent/Value Ratio: 0.9%
Neighborhood: B– DealGrader™: 7.4
This property has 3 bedrooms and 2 bathrooms and was built year 1961.
 Bellwood Drive, Indianapolis, 46226  [RM]
1 Photo
Home for sale: Bellwood Drive, Indianapolis, IN
   
Purchase Price: $112,609 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $965
Bedrooms: 3 Property Tax: $91
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,504  Property Mgmt: $77
Price/Sq foot:  $75 Cash Flow: (Raw) $747
Year Built: 1959 Cap Rate: 8.0%
Parking: Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4
This property has 3 bedrooms and 1 bath and was built year 1959.
 Lesley Avenue, Indianapolis, 46226  [RM]
1 Photo
Home for sale: Lesley Avenue, Indianapolis, IN
   
Purchase Price: $82,525 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $795
Bedrooms: 3 Property Tax: $157
Bathrooms: 1.5 Insurance/HOA: $34
Size: (sq ft) 1,313  Property Mgmt: $64
Price/Sq foot:  $63 Cash Flow: (Raw) $540
Year Built: 1953 Cap Rate: 7.9%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.4
This property has 3 bedrooms and 1.5 bathroom and was built year 1953.
 Myron Ave, Indianapolis, 46241  [IRG]
6 Photos
Home for sale: Myron Ave, Indianapolis, IN
   
Purchase Price: $69,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $700
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $37
Size: (sq ft) 896  Property Mgmt: $56
Price/Sq foot:  $77 Cash Flow: (Raw) $521
Year Built: 1910 Cap Rate: 9.1%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
This property has 3 bedrooms and 1 bath and was built year 1910. Home is currently leased.
 N Arnolda Ave, Indianapolis, 46222  [IRG]
3 Photos
Home for sale: N Arnolda Ave, Indianapolis, IN
   
Purchase Price: $65,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $650
Bedrooms: 2 Property Tax: $37
Bathrooms: 1 Insurance/HOA: $42
Size: (sq ft) 822  Property Mgmt: $46
Price/Sq foot:  $79 Cash Flow: (Raw) $526
Year Built: 1910 Cap Rate: 9.7%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.6
This property has 2 bedrooms and 1 bath and was built year 1910.
 N Livingston Ave, Indianapolis, 46222  [IRG]
3 Photos
Home for sale: N Livingston Ave, Indianapolis, IN
   
Purchase Price: $64,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $650
Bedrooms: 2 Property Tax: $65
Bathrooms: 1 Insurance/HOA: $36
Size: (sq ft) 912  Property Mgmt: $52
Price/Sq foot:  $70 Cash Flow: (Raw) $497
Year Built: 1923 Cap Rate: 9.3%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
This property has 2 bedrooms and 1 bath and was built year 1923.

More Properties Coming Soon!

POPULATION GROWTH

  • Indianapolis is the 12th largest city in the United States and is the capital of the U.S. state of Indiana with a population of around 800,000.
  • Population grew 15.2% between 2000-2010 -- well above the national average.

JOB GROWTH

  • In 2013, Indianapolis was ranked in the country’s top 10 metro areas for job growth.
  • The non-seasonally adjusted unemployment rate for the Indianapolis-Carmel area fell to 5.8 percent in December 2013, down from 7.9 in December 2012.

ECONOMY

  • Ranked 4th most affordable city by Forbes.
  • Ranked as a Best New Boom Town in the U.S. by Forbes 2011.
  • Indianapolis is a major transportation and distribution hub for the Midwest.
  • In 2013, the Indianapolis metro area was the 20th-largest export market in the United States, with merchandise shipments totaling $15.9 billion.
  • One of the most centrally located of the largest 100 cities in the United States, the city is served by four interstate highways, six railroads, an international airport, and a foreign trade zone, making Indianapolis a major center for distribution and commerce.
  • Indianapolis' unemployment rate is below the national average largely due to a diverse economy and skilled and educated workforce.
  • More than a third of its workforce is employed in stable sectors such as pharmaceuticals, healthcare, social services, education and government.

HOUSING

  • #1 most stable real estate market in the U.S. (Declined less than 7% throughout recession.).
  • Ranked #1 Best Market For Real Estate Investors by Inman.
  • Ranked Top 3 markets for single-family rental properties by The Wall Street Journal.
  • Rental rates Increased over 11% last year.

MISCELLANEOUS

  • New $1 billion international airport terminal -- the 21st busiest cargo airport in the world.
  • 75% of the U.S. and Canadian population can be reached within a one-day drive from Indianapolis.  Indianapolis is within a one-day drive of 24 major cities, and 50% of all U.S. businesses.

Overview

Indianapolis is a very large city located in the state of Indiana. With a population of 827,609 people and 204 constituent neighborhoods, Indianapolis is the largest community in Indiana.

Unlike some cities, Indianapolis isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Indianapolis are a mix of both white- and blue-collar jobs. Overall, Indianapolis is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Indianapolis who work in office and administrative support (15.73%), sales jobs (11.03%) and management occupations (8.24%).

Also of interest is that Indianapolis has more people living here who work in computers and math than 95% of the places in the US.

One important feature of Indianapolis is that it is one of the most car-oriented large cities in the country. In fact, 84.44% of people commute to and from work every day by private automobile, eschewing alternative forms of transportation, which are not widely available in Indianapolis anyway. So, if you like to drive, Indianapolis is the city for you! The landscape around Indianapolis reflects this: wide streets, parking lots, plenty of highways, malls, and shopping centers are what you'll find.

Indianapolis Information and Demographics

The percentage of people in Indianapolis who are college-educated is somewhat higher than the average US community of 21.84%: 27.29% of adults in Indianapolis have at least a bachelor's degree.

The per capita income in Indianapolis in 2010 was $24,334, which is wealthy relative to Indiana, and upper middle income relative to the rest of the US. This equates to an annual income of $97,336 for a family of four. However, Indianapolis contains both very wealthy and poor people as well.

Indianapolis is an extremely ethnically-diverse city. The people who call Indianapolis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Indianapolis residents report their race to be White, followed by Black or African-American. Important ancestries of people in Indianapolis include German, Irish, English and African.

The most common language spoken in Indianapolis is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Indianapolis, IN  (MSA)
6.8% 10.1% 13.4% 16.6%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Indianapolis, IN
Market Inventory Trends — Indianapolis, IN
Average Days on Market — Indianapolis, IN
Market Action Index — Indianapolis, IN

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Indianapolis, IN
342,567 109,864 33 20 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Indianapolis, IN
Unemployment Rate Trends - Indianapolis, Indiana
            Indianapolis, Indiana, National.   (Recessions shown as gray bars.)
Total Employment Trends — Indianapolis, IN
Total Employment - Indianapolis, Indiana
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Indianapolis, IN
Real Median Household Income Trends - Indianapolis, Indiana
            Indianapolis, Indiana, National.
Home Rent-to-Mortgage Payment Ratio — Indianapolis, IN
Home Rent-to-Mortgage Payment Ratio - Indianapolis, Indiana

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Indianapolis was 1.26 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

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

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

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
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
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)


Note: Google's Street View images may be as much as two years old.





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