Indianapolis Indiana Investment Property

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Indianapolis Investment Property
Rental Income Protection for Investment Property


 E 42nd St, Indianapolis, 46226  [ITP]
1 Photo
Home for sale: E 42nd St, Indianapolis, IN
   
Purchase Price: $74,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $775
Bedrooms: 3 Property Tax: $70
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,116  Property Mgmt: $62
Price/Sq foot:  $67 Cash Flow: (Raw) $583
Year Built: 1956 Cap Rate: 9.3%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6
This is a 3 bedroom 1 bath home with a 1 car garage that is being totally rehabbed. Everything will be NEW! 
 Tamra Lane (Anderson), Indianapolis, 46012  [RWA]
1 Photo
Home for sale: Tamra Lane (Anderson), Indianapolis, IN
   
Purchase Price: $119,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,125
Bedrooms: 3 Property Tax: $178
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,275  Property Mgmt: $90
Price/Sq foot:  $94 Cash Flow: (Raw) $797
Year Built: 1963 Cap Rate: 8.0%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.4
This nice property has 3 bedrooms and 1 bath and is located at Anderson area.
 W Ethel Avenue (Muncie), Indianapolis, 47304  [RWA]
Home for sale: W Ethel Avenue (Muncie), Indianapolis, IN
   
Purchase Price: $119,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,150
Bedrooms: 3 Property Tax: $178
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,812  Property Mgmt: $92
Price/Sq foot:  $66 Cash Flow: (Raw) $820
Year Built: 1943 Cap Rate: 8.2%
Parking: 2 Rent/Value Ratio: 1.0%
Neighborhood: Call DealGrader™: 7.5
This property has 3 bedrooms and 2 bathrooms and is located in Muncie.
 Denwood Drive, Indianapolis, 46226  [RWA]
1 Photo
Home for sale: Denwood Drive, Indianapolis, IN
   
Purchase Price: $107,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $925
Bedrooms: 3 Property Tax: $122
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,681  Property Mgmt: $74
Price/Sq foot:  $64 Cash Flow: (Raw) $669
Year Built: 1953 Cap Rate: 7.4%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.3
This property has 3 bedrooms and 1.5 bath and was built year 1953.
 Ratliff Rd, Indianapolis, 46113  [RWA]
Home for sale: Ratliff Rd, Indianapolis, IN
   
Purchase Price: $126,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,175
Bedrooms: 3 Property Tax: $189
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,560  Property Mgmt: $94
Price/Sq foot:  $81 Cash Flow: (Raw) $832
Year Built: 1950 Cap Rate: 7.9%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: A DealGrader™: 7.4
This great property has 3 bedrooms and 2 bathrooms and is located in the area of Camby.
 N Mustin Dr (Anderson), Indianapolis, 46012  [RWA]
1 Photo
Home for sale: N Mustin Dr (Anderson), Indianapolis, IN
   
Purchase Price: $122,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,150
Bedrooms: 3 Property Tax: $180
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,365  Property Mgmt: $92
Price/Sq foot:  $90 Cash Flow: (Raw) $818
Year Built: 1966 Cap Rate: 8.0%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.4
This one-story brick ranch home has 3 bedrooms and 2 bathrooms, it also includes 2-car attached garage and spacious yard.
 Jameson Ct (New Castle), Indianapolis, 47362  [RWA]
1 Photo
Home for sale: Jameson Ct (New Castle), Indianapolis, IN
   
Purchase Price: $129,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,150
Bedrooms: 3 Property Tax: $162
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,232  Property Mgmt: $92
Price/Sq foot:  $105 Cash Flow: (Raw) $836
Year Built: 1965 Cap Rate: 7.7%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.4
This property has 3 bedrooms and 1.5 bathrooms and is located at New Castle area.
 Bellemeade Ave (Evansville), Indianapolis, 47714  [RWA]
1 Photo
Home for sale: Bellemeade Ave (Evansville), Indianapolis, IN
   
Purchase Price: $99,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $975
Bedrooms: 2 Property Tax: $148
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,133  Property Mgmt: $78
Price/Sq foot:  $87 Cash Flow: (Raw) $689
Year Built: 1940 Cap Rate: 8.4%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.5
This property has 2 bedrooms and 1 bath, it is located in Evansville area.
 Lohoff Ave (Evansville), Indianapolis, 47710  [RWA]
4 Photos
Home for sale: Lohoff Ave (Evansville), Indianapolis, IN
   
Purchase Price: $109,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,000
Bedrooms: 3 Property Tax: $137
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,384  Property Mgmt: $80
Price/Sq foot:  $79 Cash Flow: (Raw) $723
Year Built: 1937 Cap Rate: 8.0%
Parking: 1 Rent/Value Ratio: 0.9%
Neighborhood: C+ DealGrader™: 7.4
This property has 3 bedrooms and 2 baths with a detached garage. Great home for a family!
 E Royerton Rd (Muncie), Indianapolis, 47303  [RWA]
2 Photos
Home for sale: E Royerton Rd (Muncie), Indianapolis, IN
   
Purchase Price: $145,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,275
Bedrooms: 4 Property Tax: $187
Bathrooms: 2.5 Insurance/HOA: $60
Size: (sq ft) 2,440  Property Mgmt: $102
Price/Sq foot:  $60 Cash Flow: (Raw) $926
Year Built: 1962 Cap Rate: 7.6%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: A+ DealGrader™: 7.3
A single family home that was built in 1962, it has 4 bedrooms and 3 bathrooms.
 Sycamore Dr, Indianapolis, 46236  [RWA]
8 Photos
Home for sale: Sycamore Dr, Indianapolis, IN
   
Purchase Price: $159,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,425
Bedrooms: 4 Property Tax: $193
Bathrooms: 2 Insurance/HOA: $100
Size: (sq ft) 1,584  Property Mgmt: $114
Price/Sq foot:  $101 Cash Flow: (Raw) $1,018
Year Built: 1968 Cap Rate: 7.6%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: A DealGrader™: 7.4
A  brich ranch home with a beautiful park like setting all within the city of Lawrence. It has 4 bedrooms and 2 bathrooms and 2 car garage.
 N Hickory Rd (Muncie), Indianapolis, 47303  [RWA]
1 Photo
Home for sale: N Hickory Rd (Muncie), Indianapolis, IN
   
Purchase Price: $169,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,475
Bedrooms: 4 Property Tax: $225
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 3,224  Property Mgmt: $118
Price/Sq foot:  $53 Cash Flow: (Raw) $1,072
Year Built: 1953 Cap Rate: 7.6%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: A+ DealGrader™: 7.3
This is a single family home built year 1953. It has 4 bedrooms and 2 bathrooms.
 E 10th St, Anderson, Indianapolis, 46012  [RWA]
1 Photo
Home for sale: E 10th St, Anderson, Indianapolis, IN
   
Purchase Price: $99,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $123
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,424  Property Mgmt: $76
Price/Sq foot:  $70 Cash Flow: (Raw) $691
Year Built: 1954 Cap Rate: 8.4%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5
A brick ranch property near Anderson University. This property sits on a nice corner lot. 
 Austin Drive (Lebanon), Indianapolis, 46052  [RWA]
6 Photos
Home for sale: Austin Drive (Lebanon), Indianapolis, IN
   
Purchase Price: $124,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,095
Bedrooms: 3 Property Tax: $209
Bathrooms: 2 Insurance/HOA: $75
Size: (sq ft) 1,216  Property Mgmt: $88
Price/Sq foot:  $103 Cash Flow: (Raw) $723
Year Built: 2004 Cap Rate: 7.0%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.3

This is a beautifully, it has vinyl flooring throughout the entire home!! Living room along with all bedrooms feature new windows that allow for an abundance of natural light throughout the entire home. A wood burning fireplace in living room makes it warm and cozy on those cold winter nights

 E. 11th St, Indianapolis, 46219  [ITP]
15 Photos
Home for sale: E. 11th St, Indianapolis, IN
   
Purchase Price: $129,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,175
Bedrooms: 3 Property Tax: $169
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 2,018  Property Mgmt: $94
Price/Sq foot:  $64 Cash Flow: (Raw) $852
Year Built: 1950 Cap Rate: 7.9%
Parking: 2 ATT Rent/Value Ratio: 0.9%
Neighborhood: B– DealGrader™: 7.4

This is a 3 to 4 bedroom home with 2 baths and a 2 car detached garage. This home is in a good area and is being fully rehabbed. 

 Daniel Dr, Indianapolis, 46226  [RWA]
1 Photo
Home for sale: Daniel Dr, Indianapolis, IN
   
Purchase Price: $159,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,350
Bedrooms: 4 Property Tax: $200
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,403  Property Mgmt: $108
Price/Sq foot:  $114 Cash Flow: (Raw) $982
Year Built: 1960 Cap Rate: 7.4%
Parking: 2 ATT Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.3

Located near schools, interstate access, shopping, restaurants, and entertainment, this house could make a fantastic home for the right buyer. 

 Costello Dr (Anderson), Indianapolis, 46011  [RWA]
5 Photos
Home for sale: Costello Dr (Anderson), Indianapolis, IN
   
Purchase Price: $106,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,025
Bedrooms: 3 Property Tax: $160
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,422  Property Mgmt: $82
Price/Sq foot:  $75 Cash Flow: (Raw) $723
Year Built: 1955 Cap Rate: 8.1%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5

Brick ranch style home featuring 3 bedrooms, living room, family room, attached garage.

 E State Road 28 (Alexandria), Indianapolis, 46001  [RWA]
6 Photos
Home for sale: E State Road 28 (Alexandria), 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. $875
Bedrooms: 3 Property Tax: $149
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,356  Property Mgmt: $70
Price/Sq foot:  $66 Cash Flow: (Raw) $596
Year Built: 1951 Cap Rate: 8.0%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.4
3 bedrooms and 1.5 bathroom. A lovely single family Ranch style home that has lots of opportunity.
Good buy property!
 Elmhurst Drive, Indianapolis, 46226  [D4U]
8 Photos
Home for sale: Elmhurst Drive, 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. $750
Bedrooms: 3 Property Tax: $58
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 952  Property Mgmt: $60
Price/Sq foot:  $74 Cash Flow: (Raw) $582
Year Built: 1953 Cap Rate: 10.0%
Parking: Street Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 8.9
Solid Indianapolis rental. Tenant-occupied home with completed rehab with hardwood floors.

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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