Nice Area
Indianapolis, IN 46221
4bd • 2ba • 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 | $23,400 | $24,102 | $24,825 | $25,570 | $26,337 | $27,127 | $27,941 | $28,779 | $29,642 | $30,532 |
| Vacancy Losses | ($1,872) | ($1,928) | ($1,986) | ($2,046) | ($2,107) | ($2,170) | ($2,235) | ($2,302) | ($2,371) | ($2,443) |
| Operating Income | $21,528 | $22,174 | $22,839 | $23,524 | $24,230 | $24,957 | $25,706 | $26,477 | $27,271 | $28,089 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,600) | ($6,798) | ($7,002) | ($7,212) | ($7,428) | ($7,651) | ($7,881) | ($8,117) | ($8,361) | ($8,612) |
| Insurance | ($990) | ($1,020) | ($1,050) | ($1,082) | ($1,114) | ($1,148) | ($1,182) | ($1,218) | ($1,254) | ($1,292) |
| Management Fees | ($1,722) | ($1,774) | ($1,827) | ($1,882) | ($1,938) | ($1,997) | ($2,056) | ($2,118) | ($2,182) | ($2,247) |
| 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 | ($468) | ($482) | ($497) | ($511) | ($527) | ($543) | ($559) | ($576) | ($593) | ($611) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($10,860) | ($11,186) | ($11,522) | ($11,867) | ($12,223) | ($12,590) | ($12,968) | ($13,357) | ($13,757) | ($14,170) |
| 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 | $10,668 | $10,988 | $11,317 | $11,657 | $12,007 | $12,367 | $12,738 | $13,120 | $13,514 | $13,919 |
| - Mortgage Payments | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) | ($17,807) |
| = Cash Flow | ($7,139) | ($6,819) | ($6,489) | ($6,150) | ($5,800) | ($5,440) | ($5,069) | ($4,687) | ($4,293) | ($3,888) |
| + Principal Reduction | $3,039 | $3,227 | $3,426 | $3,637 | $3,861 | $4,100 | $4,353 | $4,621 | $4,906 | $5,209 |
| + Appreciation | $19,800 | $20,988 | $22,247 | $23,582 | $24,997 | $26,497 | $28,087 | $29,772 | $31,558 | $33,452 |
| = Gross Equity Income | $15,700 | $17,396 | $19,184 | $21,070 | $23,058 | $25,157 | $27,370 | $29,706 | $32,171 | $34,773 |
| Capitalization Rate | 3.0% | 3.0% | 2.9% | 2.8% | 2.7% | 2.6% | 2.6% | 2.5% | 2.4% | 2.4% |
| Cash on Cash Return | -7.7% | -7.4% | -7.0% | -6.7% | -6.3% | -5.9% | -5.5% | -5.1% | -4.6% | -4.2% |
| Return on Equity | 14.9% | 13.4% | 12.4% | 11.5% | 10.9% | 10.4% | 10.0% | 9.6% | 9.3% | 9.1% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $349,800 | $370,788 | $393,035 | $416,617 | $441,614 | $468,111 | $496,198 | $525,970 | $557,528 | $590,980 |
| - Loan Balance | ($244,461) | ($241,234) | ($237,808) | ($234,171) | ($230,309) | ($226,210) | ($221,857) | ($217,236) | ($212,330) | ($207,122) |
| = Equity | $105,339 | $129,554 | $155,227 | $182,447 | $211,305 | $241,902 | $274,341 | $308,734 | $345,198 | $383,858 |
| Loan-to-Value Ratio | 69.9% | 65.1% | 60.5% | 56.2% | 52.2% | 48.3% | 44.7% | 41.3% | 38.1% | 35.0% |
| Potential Cash-Out Refi | $70,359 | $92,475 | $115,924 | $140,785 | $167,144 | $195,090 | $224,721 | $256,137 | $289,445 | $324,760 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $105,339 | $129,554 | $155,227 | $182,447 | $211,305 | $241,902 | $274,341 | $308,734 | $345,198 | $383,858 |
| - Closing Costs | ($24,486) | ($25,955) | ($27,512) | ($29,163) | ($30,913) | ($32,768) | ($34,734) | ($36,818) | ($39,027) | ($41,369) |
| = Proceeds After Sale | $80,853 | $103,599 | $127,715 | $153,283 | $180,392 | $209,134 | $239,607 | $271,916 | $306,171 | $342,489 |
| + Cumulative Cash Flow | ($7,139) | ($13,958) | ($20,447) | ($26,597) | ($32,397) | ($37,837) | ($42,905) | ($47,592) | ($51,885) | ($55,773) |
| - Approximate Cash Invested | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) | ($92,400) |
| = Net Profit | ($18,686) | ($2,759) | $14,868 | $34,287 | $55,595 | $78,897 | $104,301 | $131,924 | $161,886 | $194,316 |
| Internal Rate of Return | -20.2% | -1.4% | 4.8% | 7.5% | 8.9% | 9.6% | 10.0% | 10.2% | 10.3% | 10.4% |
| Return on Investment | -20.2% | -3.0% | 16.1% | 37.1% | 60.2% | 85.4% | 112.9% | 142.8% | 175.2% | 210.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.