Great incentives!
Indianapolis, IN 46239
4bd • 2.5ba • Built: 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $27,600 | $28,428 | $29,281 | $30,159 | $31,064 | $31,996 | $32,956 | $33,945 | $34,963 | $36,012 |
| Vacancy Losses | ($2,208) | ($2,274) | ($2,342) | ($2,413) | ($2,485) | ($2,560) | ($2,636) | ($2,716) | ($2,797) | ($2,881) |
| Operating Income | $25,392 | $26,154 | $26,938 | $27,747 | $28,579 | $29,436 | $30,319 | $31,229 | $32,166 | $33,131 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($7,078) | ($7,290) | ($7,509) | ($7,734) | ($7,966) | ($8,205) | ($8,452) | ($8,705) | ($8,966) | ($9,235) |
| Insurance | ($1,062) | ($1,094) | ($1,126) | ($1,160) | ($1,195) | ($1,231) | ($1,268) | ($1,306) | ($1,345) | ($1,385) |
| Management Fees | ($2,031) | ($2,092) | ($2,155) | ($2,220) | ($2,286) | ($2,355) | ($2,426) | ($2,498) | ($2,573) | ($2,650) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($1,080) | ($1,112) | ($1,146) | ($1,180) | ($1,216) | ($1,252) | ($1,290) | ($1,328) | ($1,368) | ($1,409) |
| Maintenance | ($552) | ($569) | ($586) | ($603) | ($621) | ($640) | ($659) | ($679) | ($699) | ($720) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($11,803) | ($12,157) | ($12,522) | ($12,898) | ($13,284) | ($13,683) | ($14,093) | ($14,516) | ($14,952) | ($15,400) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $13,589 | $13,997 | $14,417 | $14,849 | $15,294 | $15,753 | $16,226 | $16,713 | $17,214 | $17,730 |
| - Mortgage Payments | ($13,065) | ($13,065) | ($13,065) | ($13,065) | ($13,065) | ($13,065) | ($13,065) | ($16,190) | ($16,190) | ($16,190) |
| = Cash Flow | $524 | $931 | $1,351 | $1,784 | $2,229 | $2,688 | $3,161 | $522 | $1,024 | $1,540 |
| + Principal Reduction | $2,830 | $2,942 | $3,058 | $3,178 | $3,304 | $3,434 | $3,569 | $4,437 | $4,658 | $4,890 |
| + Appreciation | $21,234 | $22,508 | $23,859 | $25,290 | $26,807 | $28,416 | $30,121 | $31,928 | $33,844 | $35,874 |
| = Gross Equity Income | $24,588 | $26,381 | $28,267 | $30,252 | $32,340 | $34,538 | $36,851 | $36,887 | $39,526 | $42,305 |
| Capitalization Rate | 3.6% | 3.5% | 3.4% | 3.3% | 3.2% | 3.1% | 3.0% | 3.0% | 2.9% | 2.8% |
| Cash on Cash Return | 0.5% | 0.9% | 1.3% | 1.7% | 2.1% | 2.6% | 3.0% | 0.5% | 1.0% | 1.5% |
| Return on Equity | 21.8% | 19.1% | 17.1% | 15.6% | 14.5% | 13.5% | 12.8% | 11.3% | 10.9% | 10.5% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $375,134 | $397,642 | $421,501 | $446,791 | $473,598 | $502,014 | $532,135 | $564,063 | $597,907 | $633,781 |
| - Loan Balance | ($262,595) | ($259,654) | ($256,596) | ($253,418) | ($250,114) | ($246,680) | ($243,111) | ($238,674) | ($234,016) | ($229,125) |
| = Equity | $112,539 | $137,989 | $164,905 | $193,373 | $223,484 | $255,334 | $289,024 | $325,389 | $363,891 | $404,656 |
| Loan-to-Value Ratio | 70.0% | 65.3% | 60.9% | 56.7% | 52.8% | 49.1% | 45.7% | 42.3% | 39.1% | 36.2% |
| Potential Cash-Out Refi | $75,026 | $98,224 | $122,755 | $148,694 | $176,124 | $205,132 | $235,810 | $268,983 | $304,100 | $341,278 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $112,539 | $137,989 | $164,905 | $193,373 | $223,484 | $255,334 | $289,024 | $325,389 | $363,891 | $404,656 |
| - Closing Costs | ($26,259) | ($27,835) | ($29,505) | ($31,275) | ($33,152) | ($35,141) | ($37,249) | ($39,484) | ($41,853) | ($44,365) |
| = Proceeds After Sale | $86,280 | $110,154 | $135,400 | $162,098 | $190,332 | $220,193 | $251,774 | $285,905 | $322,037 | $360,291 |
| + Cumulative Cash Flow | $524 | $1,455 | $2,806 | $4,590 | $6,819 | $9,507 | $12,668 | $13,190 | $14,214 | $15,754 |
| - Approximate Cash Invested | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) | ($104,401) |
| = Net Profit | ($17,597) | $7,208 | $33,805 | $62,287 | $92,751 | $125,300 | $160,042 | $194,694 | $231,851 | $271,645 |
| Internal Rate of Return | -16.9% | 3.4% | 9.9% | 12.5% | 13.7% | 14.3% | 14.5% | 14.4% | 14.2% | 14.1% |
| Return on Investment | -16.9% | 6.9% | 32.4% | 59.7% | 88.8% | 120.0% | 153.3% | 186.5% | 222.1% | 260.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.