Desirable area!
Indianapolis, IN 46239
5bd • 3ba • 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 | $28,800 | $29,664 | $30,554 | $31,471 | $32,415 | $33,387 | $34,389 | $35,420 | $36,483 | $37,577 |
| Vacancy Losses | ($2,304) | ($2,373) | ($2,444) | ($2,518) | ($2,593) | ($2,671) | ($2,751) | ($2,834) | ($2,919) | ($3,006) |
| Operating Income | $26,496 | $27,291 | $28,110 | $28,953 | $29,821 | $30,716 | $31,638 | $32,587 | $33,564 | $34,571 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($7,378) | ($7,599) | ($7,827) | ($8,062) | ($8,304) | ($8,553) | ($8,810) | ($9,074) | ($9,346) | ($9,627) |
| Insurance | ($1,107) | ($1,140) | ($1,174) | ($1,209) | ($1,246) | ($1,283) | ($1,321) | ($1,361) | ($1,402) | ($1,444) |
| Management Fees | ($2,120) | ($2,183) | ($2,249) | ($2,316) | ($2,386) | ($2,457) | ($2,531) | ($2,607) | ($2,685) | ($2,766) |
| 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 | ($576) | ($593) | ($611) | ($629) | ($648) | ($668) | ($688) | ($708) | ($730) | ($752) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($12,260) | ($12,628) | ($13,007) | ($13,397) | ($13,799) | ($14,213) | ($14,640) | ($15,079) | ($15,531) | ($15,997) |
| 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 | $14,236 | $14,663 | $15,103 | $15,556 | $16,022 | $16,503 | $16,998 | $17,508 | $18,033 | $18,574 |
| - Mortgage Payments | ($13,619) | ($13,619) | ($13,619) | ($13,619) | ($13,619) | ($13,619) | ($13,619) | ($16,877) | ($16,877) | ($16,877) |
| = Cash Flow | $617 | $1,044 | $1,484 | $1,937 | $2,403 | $2,884 | $3,379 | $631 | $1,157 | $1,698 |
| + Principal Reduction | $2,950 | $3,066 | $3,187 | $3,313 | $3,444 | $3,579 | $3,721 | $4,625 | $4,856 | $5,098 |
| + Appreciation | $22,134 | $23,462 | $24,870 | $26,362 | $27,944 | $29,620 | $31,398 | $33,281 | $35,278 | $37,395 |
| = Gross Equity Income | $25,700 | $27,572 | $29,541 | $31,612 | $33,791 | $36,084 | $38,497 | $38,538 | $41,291 | $44,190 |
| Capitalization Rate | 3.6% | 3.5% | 3.4% | 3.3% | 3.2% | 3.2% | 3.1% | 3.0% | 2.9% | 2.8% |
| Cash on Cash Return | 0.6% | 1.0% | 1.4% | 1.8% | 2.2% | 2.7% | 3.1% | 0.6% | 1.1% | 1.6% |
| Return on Equity | 21.9% | 19.2% | 17.2% | 15.7% | 14.5% | 13.6% | 12.8% | 11.4% | 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 | $391,034 | $414,496 | $439,366 | $465,728 | $493,671 | $523,292 | $554,689 | $587,971 | $623,249 | $660,644 |
| - Loan Balance | ($273,725) | ($270,659) | ($267,472) | ($264,159) | ($260,715) | ($257,136) | ($253,415) | ($248,790) | ($243,934) | ($238,837) |
| = Equity | $117,309 | $143,837 | $171,894 | $201,569 | $232,956 | $266,156 | $301,274 | $339,181 | $379,314 | $421,807 |
| 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 | $78,206 | $102,388 | $127,958 | $154,996 | $183,589 | $213,827 | $245,805 | $280,384 | $316,990 | $355,743 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $117,309 | $143,837 | $171,894 | $201,569 | $232,956 | $266,156 | $301,274 | $339,181 | $379,314 | $421,807 |
| - Closing Costs | ($27,372) | ($29,015) | ($30,756) | ($32,601) | ($34,557) | ($36,630) | ($38,828) | ($41,158) | ($43,627) | ($46,245) |
| = Proceeds After Sale | $89,937 | $114,823 | $141,139 | $168,968 | $198,399 | $229,526 | $262,446 | $298,023 | $335,687 | $375,562 |
| + Cumulative Cash Flow | $617 | $1,660 | $3,144 | $5,080 | $7,484 | $10,368 | $13,747 | $14,378 | $15,535 | $17,232 |
| - Approximate Cash Invested | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) | ($108,826) |
| = Net Profit | ($18,272) | $7,657 | $35,457 | $65,223 | $97,058 | $131,068 | $167,367 | $203,575 | $242,396 | $283,969 |
| Internal Rate of Return | -16.8% | 3.5% | 9.9% | 12.6% | 13.8% | 14.3% | 14.5% | 14.4% | 14.3% | 14.1% |
| Return on Investment | -16.8% | 7.0% | 32.6% | 59.9% | 89.2% | 120.4% | 153.8% | 187.1% | 222.7% | 260.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.