Property Information

SOLD
RD - $515 cash flow turnkey property in Indianapolis, IN
3945 Candle Berry Dr.
Indianapolis, IN 46235
3/2, 2002 property in Indianapolis, IN
Square Feet1,240
Initial Market Value$97,000
Purchase Price$97,000
Downpayment$24,250
Loan Origination Fees$0
Depreciable Closing Costs$3,880
Other Closing Costs and Fixup$0
Initial Cash Invested$28,130
Cost per Square Foot$78
Monthly Rent per Square Foot$0.87
IncomeMonthlyAnnual
Gross Rent$1,075$12,900
Vacancy Losses($11)($129)
Operating Income$1,064$12,771
ExpensesMonthlyAnnual
Property Taxes($49)($582)
Insurance($49)($582)
Management Fees($106)($1,277)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance$0$0
Other$0$0
Operating Expenses($203)($2,441)
Net PerformanceMonthlyAnnual
Net Operating Income$861$10,330
- Mortgage Payments($380)($4,554)
= Cash Flow$481$5,776
+ Principal Reduction$94$1,123
+ First-Year Appreciation$243$2,910
= Gross Equity Income$817$9,809
+ Tax Savings$0$0
= GEI w/Tax Savings$817$9,809
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$72,750$0
Monthly Payment$379.50$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio2.27
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier90
Capitalization Rate10.6%
Cash on Cash Return21%
Total Return on Investment35%
Total ROI with Tax Savings35%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate1%
Management Fee10%
Maintenance Percentage0%
Comments
$515 cash flow turnkey property in Indianapolis, IN. Attractive 3/2. Finished garage. Walk-in closets
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.