Property Information

SOLD
RD - $654 cash flow for turnkey rental in Indianapolis, IN
4101 Richelieu Rd
Indianapolis, IN 46226
3/1, 1963 property in Indianapolis, IN
Square Feet1,467
Initial Market Value$65,000
Purchase Price$65,000
Downpayment$16,250
Loan Origination Fees$0
Depreciable Closing Costs$2,600
Other Closing Costs and Fixup$0
Initial Cash Invested$18,850
Cost per Square Foot$44
Monthly Rent per Square Foot$0.56
IncomeMonthlyAnnual
Gross Rent$825$9,900
Vacancy Losses($8)($99)
Operating Income$817$9,801
ExpensesMonthlyAnnual
Property Taxes($33)($390)
Insurance($33)($390)
Management Fees($82)($980)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance$0$0
Other$0$0
Operating Expenses($147)($1,760)
Net PerformanceMonthlyAnnual
Net Operating Income$670$8,041
- Mortgage Payments($254)($3,052)
= Cash Flow$416$4,989
+ Principal Reduction$63$752
+ First-Year Appreciation$163$1,950
= Gross Equity Income$641$7,692
+ Tax Savings$0$0
= GEI w/Tax Savings$641$7,692
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$48,750$0
Monthly Payment$254.30$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio2.63
Annual Gross Rent Multiplier7
Monthly Gross Rent Multiplier79
Capitalization Rate12.4%
Cash on Cash Return26%
Total Return on Investment41%
Total ROI with Tax Savings41%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate1%
Management Fee10%
Maintenance Percentage0%
Comments
$654 cash flow for turnkey rental in Indianapolis, IN. Spacious Living and Family Room. With eat-in kitchen
Large yard with patio and storage shed
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.