Nice Area
Indianapolis, IN 46221
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 | ($6,698) | ($6,899) | ($7,106) | ($7,319) | ($7,539) | ($7,765) | ($7,998) | ($8,238) | ($8,485) | ($8,739) |
| Insurance | ($1,005) | ($1,035) | ($1,066) | ($1,098) | ($1,131) | ($1,165) | ($1,200) | ($1,236) | ($1,273) | ($1,311) |
| 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 | ($636) | ($655) | ($675) | ($695) | ($716) | ($737) | ($759) | ($782) | ($806) | ($830) |
| Maintenance | ($552) | ($569) | ($586) | ($603) | ($621) | ($640) | ($659) | ($679) | ($699) | ($720) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($10,922) | ($11,250) | ($11,587) | ($11,935) | ($12,293) | ($12,662) | ($13,042) | ($13,433) | ($13,836) | ($14,251) |
| 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 | $14,470 | $14,904 | $15,351 | $15,812 | $16,286 | $16,775 | $17,278 | $17,796 | $18,330 | $18,880 |
| - Mortgage Payments | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) | ($18,071) |
| = Cash Flow | ($3,601) | ($3,167) | ($2,720) | ($2,259) | ($1,785) | ($1,296) | ($793) | ($275) | $259 | $809 |
| + Principal Reduction | $3,084 | $3,275 | $3,477 | $3,691 | $3,919 | $4,160 | $4,417 | $4,689 | $4,979 | $5,286 |
| + Appreciation | $20,094 | $21,300 | $22,578 | $23,932 | $25,368 | $26,890 | $28,504 | $30,214 | $32,027 | $33,948 |
| = Gross Equity Income | $19,577 | $21,407 | $23,334 | $25,364 | $27,502 | $29,754 | $32,128 | $34,629 | $37,265 | $40,043 |
| Capitalization Rate | 4.1% | 4.0% | 3.8% | 3.7% | 3.6% | 3.5% | 3.4% | 3.3% | 3.2% | 3.1% |
| Cash on Cash Return | -3.8% | -3.4% | -2.9% | -2.4% | -1.9% | -1.4% | -0.8% | -0.3% | 0.3% | 0.9% |
| Return on Equity | 18.3% | 16.3% | 14.8% | 13.7% | 12.8% | 12.1% | 11.5% | 11.1% | 10.6% | 10.3% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $354,994 | $376,294 | $398,871 | $422,804 | $448,172 | $475,062 | $503,566 | $533,780 | $565,807 | $599,755 |
| - Loan Balance | ($248,091) | ($244,816) | ($241,339) | ($237,648) | ($233,729) | ($229,569) | ($225,152) | ($220,462) | ($215,484) | ($210,198) |
| = Equity | $106,903 | $131,478 | $157,532 | $185,155 | $214,442 | $245,493 | $278,414 | $313,317 | $350,323 | $389,557 |
| 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 | $71,404 | $93,848 | $117,645 | $142,875 | $169,625 | $197,987 | $228,057 | $259,939 | $293,742 | $329,582 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $106,903 | $131,478 | $157,532 | $185,155 | $214,442 | $245,493 | $278,414 | $313,317 | $350,323 | $389,557 |
| - Closing Costs | ($24,850) | ($26,341) | ($27,921) | ($29,596) | ($31,372) | ($33,254) | ($35,250) | ($37,365) | ($39,606) | ($41,983) |
| = Proceeds After Sale | $82,054 | $105,137 | $129,611 | $155,559 | $183,070 | $212,239 | $243,164 | $275,953 | $310,716 | $347,574 |
| + Cumulative Cash Flow | ($3,601) | ($6,768) | ($9,488) | ($11,747) | ($13,532) | ($14,829) | ($15,622) | ($15,897) | ($15,638) | ($14,829) |
| - Approximate Cash Invested | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) | ($93,772) |
| = Net Profit | ($15,319) | $4,597 | $26,351 | $50,040 | $75,766 | $103,638 | $133,770 | $166,284 | $201,307 | $238,973 |
| Internal Rate of Return | -16.3% | 2.4% | 8.3% | 10.8% | 12.0% | 12.5% | 12.8% | 12.9% | 12.8% | 12.8% |
| Return on Investment | -16.3% | 4.9% | 28.1% | 53.4% | 80.8% | 110.5% | 142.7% | 177.3% | 214.7% | 254.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.