Indianapolis Indiana Investment Property

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Indianapolis Investment Property
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 Brick Chapel Rd (Camby), Indianapolis, 46113  [RWA]
7 Photos
Home for sale: Brick Chapel Rd (Camby), Indianapolis, IN
   
Purchase Price: $132,900 Rental Income: $1,250
Bedrooms: 3 Property Tax: $200
Bathrooms: 2.5 Insurance/HOA: $90
Size: (sq ft) 1,587  Property Mgmt: $100
Price/Sq foot:  $84 Cash Flow: (Raw) $860
Year Built: 2001 Cap Rate: 7.8%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: A DealGrader™: 7.4
Spacious 3 bedroom, 2 bath home featuring a bright open kitchen and 2nd floor laundry!
 N. Wheeling Ave (Muncie), Indianapolis, 47304  [RWA]
1 Photo
Home for sale: N. Wheeling Ave (Muncie), Indianapolis, IN
   
Purchase Price: $129,900 Rental Income: $1,175
Bedrooms: 3 Property Tax: $200
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,900  Property Mgmt: $94
Price/Sq foot:  $68 Cash Flow: (Raw) $821
Year Built: 1969 Cap Rate: 7.6%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: A+ DealGrader™: 7.4
Great opportunity!  Large 3 bedroom home in Muncie.  Check back for completed rehab photos.
 Deer Trail (Evansville), Indianapolis, 47715  [RWA]
1 Photo
Home for sale: Deer Trail (Evansville), Indianapolis, IN
   
Purchase Price: $122,900 Rental Income: $1,150
Bedrooms: 3 Property Tax: $204
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,571  Property Mgmt: $92
Price/Sq foot:  $78 Cash Flow: (Raw) $794
Year Built: 1975 Cap Rate: 7.8%
Parking: 1 Att Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4
Great opportunity!   3 bedroom tri-level home.  
 Oak Park Dr (Shelbyville), Indianapolis, 46176  [RWA]
1 Photo
Home for sale: Oak Park Dr (Shelbyville), Indianapolis, IN
   
Purchase Price: $129,900 Rental Income: $1,175
Bedrooms: 3 Property Tax: $200
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,474  Property Mgmt: $94
Price/Sq foot:  $88 Cash Flow: (Raw) $821
Year Built: 1988 Cap Rate: 7.6%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4
Great opportunity to own this 3 bedroom 2 bath ranch with spacious kitchen and large fenced back yard!
 Osman Lane (Greenfield), Indianapolis, 46140  [RWA]
3 Photos
Home for sale: Osman Lane (Greenfield), Indianapolis, IN
   
Purchase Price: $159,900 Rental Income: $1,375
Bedrooms: 3 Property Tax: $200
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,610  Property Mgmt: $110
Price/Sq foot:  $99 Cash Flow: (Raw) $1,005
Year Built: 1976 Cap Rate: 7.5%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: A+ DealGrader™: 7.3
Great 3 bedroom 2 bath ranch style home featuring a 3 season room!
 E. Blackford Ave (Evansville), Indianapolis, 47714  [RWA]
1 Photo
Home for sale: E. Blackford Ave (Evansville), Indianapolis, IN
   
Purchase Price: $124,900 Rental Income: $1,250
Bedrooms: 4 Property Tax: $208
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 2,928  Property Mgmt: $125
Price/Sq foot:  $43 Cash Flow: (Raw) $857
Year Built: 1945 Cap Rate: 8.2%
Parking: Street Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.5
Wow!  Almost 3000 sq ft!  Located in Evansville this home features spacious rooms and so much more!
 Woodscliff Circle (Anderson), Indianapolis, 46012  [RWA]
17 Photos
Home for sale: Woodscliff Circle (Anderson), Indianapolis, IN
   
Purchase Price: $139,900 Rental Income: $1,275
Bedrooms: 3 Property Tax: $200
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 2,210  Property Mgmt: $102
Price/Sq foot:  $63 Cash Flow: (Raw) $913
Year Built: 1979 Cap Rate: 7.8%
Parking: 2 car att Rent/Value Ratio: 0.9%
Neighborhood: A+ DealGrader™: 7.4
Check out the photos of this wonderful property in Indianapolis.
 North Bosart Avenue, Indianapolis, 46201  [RWA]
8 Photos
Home for sale: North Bosart Avenue, Indianapolis, IN
   
Purchase Price: $69,900 Rental Income: $675
Bedrooms: 2 Property Tax: $110
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,108  Property Mgmt: $54
Price/Sq foot:  $63 Cash Flow: (Raw) $451
Year Built: 1922 Cap Rate: 7.7%
Parking: Street Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.4
Indianapolis property with great features.
 North Bradley Avenue, Indianapolis, 46201  [RWA]
10 Photos
Home for sale: North Bradley Avenue, Indianapolis, IN
   
Purchase Price: $62,900 Rental Income: $675
Bedrooms: 2 Property Tax: $73
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,008  Property Mgmt: $54
Price/Sq foot:  $62 Cash Flow: (Raw) $488
Year Built: 1928 Cap Rate: 9.3%
Parking: Street Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.6
One of the best properties for sale today in Indianapolis.
 Wolfgang Way, Indianapolis, 46239  [ITP]
10 Photos
Home for sale: Wolfgang Way, Indianapolis, IN
   
Purchase Price: $129,900 Rental Income: $1,200
Bedrooms: 4 Property Tax: $169
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,564  Property Mgmt: $96
Price/Sq foot:  $83 Cash Flow: (Raw) $875
Year Built: 2006 Cap Rate: 8.1%
Parking: 2 car att Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4
4 bedroom, 2 bath vinyl two level in Hanover North Area neighborhood. Property has fenced in back yard with a 2 car attached garage. Rented at $1200/ month starting March 1, 2017.

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 $
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
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.





Please contact us for neighborhood specific information and demographics.

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