Nice Area
Indianapolis, IN 46221
3bd • 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 | $20,400 | $21,012 | $21,642 | $22,292 | $22,960 | $23,649 | $24,359 | $25,089 | $25,842 | $26,617 |
| Vacancy Losses | ($1,632) | ($1,681) | ($1,731) | ($1,783) | ($1,837) | ($1,892) | ($1,949) | ($2,007) | ($2,067) | ($2,129) |
| Operating Income | $18,768 | $19,331 | $19,911 | $20,508 | $21,124 | $21,757 | $22,410 | $23,082 | $23,775 | $24,488 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,120) | ($6,304) | ($6,493) | ($6,687) | ($6,888) | ($7,095) | ($7,308) | ($7,527) | ($7,753) | ($7,985) |
| Insurance | ($918) | ($946) | ($974) | ($1,003) | ($1,033) | ($1,064) | ($1,096) | ($1,129) | ($1,163) | ($1,198) |
| Management Fees | ($1,501) | ($1,546) | ($1,593) | ($1,641) | ($1,690) | ($1,741) | ($1,793) | ($1,847) | ($1,902) | ($1,959) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($636) | ($655) | ($675) | ($695) | ($716) | ($737) | ($759) | ($782) | ($806) | ($830) |
| Maintenance | ($408) | ($420) | ($433) | ($446) | ($459) | ($473) | ($487) | ($502) | ($517) | ($532) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($9,583) | ($9,871) | ($10,167) | ($10,472) | ($10,786) | ($11,110) | ($11,443) | ($11,786) | ($12,140) | ($12,504) |
| 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 | $9,185 | $9,460 | $9,744 | $10,036 | $10,337 | $10,647 | $10,967 | $11,296 | $11,635 | $11,984 |
| - Mortgage Payments | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) | ($16,512) |
| = Cash Flow | ($7,327) | ($7,052) | ($6,768) | ($6,475) | ($6,174) | ($5,864) | ($5,545) | ($5,216) | ($4,877) | ($4,528) |
| + Principal Reduction | $2,818 | $2,992 | $3,177 | $3,373 | $3,581 | $3,801 | $4,036 | $4,285 | $4,549 | $4,830 |
| + Appreciation | $18,360 | $19,462 | $20,629 | $21,867 | $23,179 | $24,570 | $26,044 | $27,607 | $29,263 | $31,019 |
| = Gross Equity Income | $13,851 | $15,402 | $17,038 | $18,764 | $20,585 | $22,507 | $24,535 | $26,676 | $28,935 | $31,321 |
| Capitalization Rate | 2.8% | 2.8% | 2.7% | 2.6% | 2.5% | 2.5% | 2.4% | 2.3% | 2.3% | 2.2% |
| Cash on Cash Return | -8.6% | -8.2% | -7.9% | -7.6% | -7.2% | -6.8% | -6.5% | -6.1% | -5.7% | -5.3% |
| Return on Equity | 14.2% | 12.8% | 11.8% | 11.1% | 10.5% | 10.0% | 9.6% | 9.3% | 9.0% | 8.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $324,360 | $343,822 | $364,451 | $386,318 | $409,497 | $434,067 | $460,111 | $487,718 | $516,981 | $547,999 |
| - Loan Balance | ($226,682) | ($223,690) | ($220,513) | ($217,140) | ($213,560) | ($209,758) | ($205,722) | ($201,437) | ($196,888) | ($192,059) |
| = Equity | $97,678 | $120,132 | $143,938 | $169,178 | $195,937 | $224,309 | $254,389 | $286,280 | $320,092 | $355,941 |
| 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 | $65,242 | $85,750 | $107,493 | $130,546 | $154,988 | $180,902 | $208,377 | $237,508 | $268,394 | $301,141 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $97,678 | $120,132 | $143,938 | $169,178 | $195,937 | $224,309 | $254,389 | $286,280 | $320,092 | $355,941 |
| - Closing Costs | ($22,705) | ($24,068) | ($25,512) | ($27,042) | ($28,665) | ($30,385) | ($32,208) | ($34,140) | ($36,189) | ($38,360) |
| = Proceeds After Sale | $74,973 | $96,065 | $118,426 | $142,135 | $167,273 | $193,924 | $222,181 | $252,140 | $283,904 | $317,581 |
| + Cumulative Cash Flow | ($7,327) | ($14,379) | ($21,146) | ($27,622) | ($33,796) | ($39,660) | ($45,205) | ($50,421) | ($55,298) | ($59,826) |
| - Approximate Cash Invested | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) | ($85,680) |
| = Net Profit | ($18,034) | ($3,994) | $11,600 | $28,834 | $47,796 | $68,584 | $91,296 | $116,039 | $142,926 | $172,075 |
| Internal Rate of Return | -21.0% | -2.3% | 4.0% | 6.8% | 8.2% | 9.0% | 9.4% | 9.7% | 9.8% | 9.8% |
| Return on Investment | -21.0% | -4.7% | 13.5% | 33.7% | 55.8% | 80.0% | 106.6% | 135.4% | 166.8% | 200.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.