Indianapolis Deal Analysis
Let's look at deal analysis for Indianapolis, IN and for 
32 10 20% Down Rental Properties (no Owner-Occupant).
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 20% Down Payment Indianapolis, Indiana Rental Property
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Typical 20% Down Payment Indianapolis, Indiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$198,160
|
|
Purchase Price
|
|
$198,160
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$39,632
|
|
Closing Costs
|
1.000%
|
$1,982
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$41,614
|
|
Mortgage
|
|
Mortgage Amount
|
|
$158,528
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,546
$2546.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$917
|
|
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
|
|
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 |
$2,546 |
$2,623 |
$2,701 |
$2,782 |
$2,866 |
| 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 |
$2,546 |
$2,623 |
$2,701 |
$2,782 |
$2,866 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$76 |
$79 |
$81 |
$83 |
$86 |
| Monthly Gross Operating Income |
$2,470 |
$2,544 |
$2,620 |
$2,699 |
$2,780 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,555 |
$31,472 |
$32,416 |
$33,388 |
$34,390 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,555 |
$31,472 |
$32,416 |
$33,388 |
$34,390 |
| Annual Vacancy Dollar |
$917 |
$944 |
$972 |
$1,002 |
$1,032 |
| Annual Gross Operating Income |
$29,638 |
$30,528 |
$31,443 |
$32,387 |
$33,358 |
| 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 |
$2,964 |
$3,053 |
$3,144 |
$3,239 |
$3,336 |
| 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 |
$7,317 |
$7,537 |
$7,763 |
$7,996 |
$8,236 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,321 |
$22,991 |
$23,680 |
$24,391 |
$25,122 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,656 |
$12,656 |
$12,656 |
$12,656 |
$12,656 |
| Principal |
$1,610 |
$1,727 |
$1,852 |
$1,985 |
$2,129 |
| Interest |
$11,046 |
$10,930 |
$10,805 |
$10,671 |
$10,527 |
| Loan Balance at End of Year |
$156,918 |
$155,191 |
$153,339 |
$151,354 |
$149,225 |
| Loan-To-Value |
76.881% |
73.820% |
70.815% |
67.862% |
64.959% |
| Private Mortgage Insurance (PMI) Rate |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Private Mortgage Insurance Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$47,187 |
$55,037 |
$63,195 |
$71,677 |
$80,497 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$9,665 |
$10,334 |
$11,024 |
$11,734 |
$12,466 |
| Monhtly Cash Flow |
$805 |
$861 |
$919 |
$978 |
$1,039 |
| Cash on Cash Return on Investment |
0.232% |
0.248% |
0.265% |
0.282% |
0.300% |
| 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 |