Indianapolis Deal Analysis
Let's look at deal analysis for Indianapolis, IN and for 
15 Buy 10 Nomads™ with 10% Higher Rents.
The analysis is based on The World's Greatest Real Estate Deal Analysis Spreadsheet™ (shown above)... a free spreadsheet download you can use to analyze your own deals.
Typical Indianapolis, Indiana Nomad™ Property with 10% Higher Rents
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Typical Indianapolis, Indiana Nomad™ Property with 10% Higher Rents
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Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$198,160
|
|
Purchase Price
|
|
$198,160
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,908
|
|
Closing Costs
|
1.000%
|
$1,982
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$11,890
|
|
Mortgage
|
|
Mortgage Amount
|
|
$188,252
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$133.35
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,801
$2800.88
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,008
|
|
Property Taxes
|
1.074%
|
$2,128
|
|
Property Insurance
|
1.123%
|
$2,225
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$29,724
|
|
Property Type (C or R)
|
R
|
27.5
|
|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$204,105 |
$210,228 |
$216,535 |
$223,031 |
$229,722 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,945 |
$6,123 |
$6,307 |
$6,496 |
$6,691 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,801 |
$2,885 |
$2,971 |
$3,061 |
$3,152 |
| Monthly Other Income Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Monthly Gross Potential Income |
$2,801 |
$2,885 |
$2,971 |
$3,061 |
$3,152 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$84 |
$87 |
$89 |
$92 |
$95 |
| Monthly Gross Operating Income |
$2,717 |
$2,798 |
$2,882 |
$2,969 |
$3,058 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,611 |
$34,619 |
$35,657 |
$36,727 |
$37,829 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,611 |
$34,619 |
$35,657 |
$36,727 |
$37,829 |
| Annual Vacancy Dollar |
$1,008 |
$1,039 |
$1,070 |
$1,102 |
$1,135 |
| Annual Gross Operating Income |
$32,602 |
$33,580 |
$34,588 |
$35,625 |
$36,694 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.074% |
1.074% |
1.074% |
1.074% |
1.074% |
| Property Taxes Dollar |
$2,128 |
$2,192 |
$2,258 |
$2,326 |
$2,395 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$2,225 |
$2,292 |
$2,361 |
$2,432 |
$2,505 |
| HOA Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| HOA Dues Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Utilities Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Utilities Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 1 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 1 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 2 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 2 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Maintenance Percent |
10.000% |
10.000% |
10.000% |
10.000% |
10.000% |
| Maintenance Dollar |
$3,260 |
$3,358 |
$3,459 |
$3,563 |
$3,669 |
| CapEx Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| CapEx Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Property Management Percent |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Property Management Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Operating Expenses |
$7,614 |
$7,842 |
$8,077 |
$8,320 |
$8,569 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,988 |
$25,738 |
$26,510 |
$27,306 |
$28,125 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,279 |
$14,279 |
$14,279 |
$14,279 |
$14,279 |
| Principal |
$2,104 |
$2,245 |
$2,395 |
$2,556 |
$2,727 |
| Interest |
$12,174 |
$12,034 |
$11,883 |
$11,723 |
$11,552 |
| Loan Balance at End of Year |
$186,148 |
$183,903 |
$181,507 |
$178,952 |
$176,225 |
| Loan-To-Value |
91.202% |
87.478% |
83.824% |
80.236% |
76.712% |
| Private Mortgage Insurance (PMI) Rate |
0.850% |
0.850% |
0.850% |
0.850% |
|
| Private Mortgage Insurance Dollar |
$1,600 |
$1,600 |
$1,600 |
$1,600 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$17,957 |
$26,325 |
$35,027 |
$44,079 |
$53,497 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$9,110 |
$9,859 |
$10,632 |
$11,427 |
$13,846 |
| Monhtly Cash Flow |
$759 |
$822 |
$886 |
$952 |
$1,154 |
| Cash on Cash Return on Investment |
0.766% |
0.829% |
0.894% |
0.961% |
1.165% |
| Cap Rate |
|
|
|
|
|
| DSCR |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |
| Cumulative Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |