Indianapolis Indiana Investment Property

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Indianapolis Investment Property
Rental Income Protection for Investment Property


 Daniel Dr, Indianapolis, 46226  [RWA]
1 Photo
Home for sale: Daniel Dr, Indianapolis, IN
   
Purchase Price: $159,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,350
Bedrooms: 4 Property Tax: $200
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,403  Property Mgmt: $108
Price/Sq foot:  $114 Cash Flow: (Raw) $982
Year Built: 1960 Cap Rate: 7.4%
Parking: 2 ATT Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.3

Located near schools, interstate access, shopping, restaurants, and entertainment, this house could make a fantastic home for the right buyer. 

 N Drexel Ave, Indianapolis, 46218  [RWA]
1 Photo
Home for sale: N Drexel Ave, Indianapolis, IN
   
Purchase Price: $64,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $700
Bedrooms: 2 Property Tax: $82
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 964  Property Mgmt: $56
Price/Sq foot:  $67 Cash Flow: (Raw) $502
Year Built: 1947 Cap Rate: 9.3%
Parking: 2 ATT Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.6
Great opportunity for this adorable home!
 Alexandria Pike (Anderson), Indianapolis, 46012  [RWA]
5 Photos
Home for sale: Alexandria Pike (Anderson), Indianapolis, IN
   
Purchase Price: $84,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $106
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,219  Property Mgmt: $70
Price/Sq foot:  $70 Cash Flow: (Raw) $639
Year Built: 1941 Cap Rate: 9.0%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6

Come and see this spacious 3 bedroom 1.5 bath home with a full basement. Nice sized yard for entertaining and a detached 1 car garage.

 N Hampton Blvd (Shelbyville), Indianapolis, 46176  [RWA]
7 Photos
Home for sale: N Hampton Blvd (Shelbyville), Indianapolis, IN
   
Purchase Price: $99,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $145
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 925  Property Mgmt: $76
Price/Sq foot:  $107 Cash Flow: (Raw) $669
Year Built: 1960 Cap Rate: 8.1%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.5

This single family home features 3 bedrooms, one car garage, living room, dining area, and a galley kitchen.

 Taft, Indianapolis, 46222  [RWA]
5 Photos
Home for sale: Taft, Indianapolis, IN
   
Purchase Price: $82,500 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 4 Property Tax: $73
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,181  Property Mgmt: $68
Price/Sq foot:  $70 Cash Flow: (Raw) $649
Year Built: 1958 Cap Rate: 9.4%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
This 1,181 square foot house features 4 bedrooms and 1 bath. This property was built in 1958. Nearby schools include Indiana Math & Science Academy, Imagine Ind Life Science West and Carl Wilde School 79. 
 Ratliff Rd, Indianapolis, 46113  [RWA]
5 Photos
Home for sale: Ratliff Rd, Indianapolis, IN
   
Purchase Price: $126,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,175
Bedrooms: 3 Property Tax: $189
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,560  Property Mgmt: $94
Price/Sq foot:  $81 Cash Flow: (Raw) $832
Year Built: 1950 Cap Rate: 7.9%
Parking: 2 ATT Rent/Value Ratio: 0.9%
Neighborhood: A DealGrader™: 7.4
Located just minutes from airport and downtown Indianapolis you will discover a country feel in this 3 bedroom home with 2  baths that sits on .51 acre.
 Costello Dr (Anderson), Indianapolis, 46011  [RWA]
5 Photos
Home for sale: Costello Dr (Anderson), Indianapolis, IN
   
Purchase Price: $106,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,025
Bedrooms: 3 Property Tax: $160
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,422  Property Mgmt: $82
Price/Sq foot:  $75 Cash Flow: (Raw) $723
Year Built: 1955 Cap Rate: 8.1%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5

Brick ranch style home featuring 3 bedrooms, living room, family room, attached garage.

 Blue Pine, Indianapolis, 46231  [RWA]
7 Photos
Home for sale: Blue Pine, Indianapolis, IN
   
Purchase Price: $129,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,175
Bedrooms: 3 Property Tax: $241
Bathrooms: 2 Insurance/HOA: $79
Size: (sq ft) 2,224  Property Mgmt: $94
Price/Sq foot:  $58 Cash Flow: (Raw) $761
Year Built: 2002 Cap Rate: 7.0%
Parking: 2 ATT Rent/Value Ratio: 0.9%
Neighborhood: A DealGrader™: 7.3

Gorgeous property, you can easily make this house your home and the children will totally love Wayne Township Schools! 

 Denwood Drive, Indianapolis, 46226  [RWA]
1 Photo
Home for sale: Denwood Drive, Indianapolis, IN
   
Purchase Price: $112,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,175
Bedrooms: 3 Property Tax: $214
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,681  Property Mgmt: $94
Price/Sq foot:  $67 Cash Flow: (Raw) $807
Year Built: 1953 Cap Rate: 8.6%
Parking: 2 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6

3917 Denwood Dr, Indianapolis, IN is a single family home and was built in 1953. It has 3 bedrooms and 1.5 bathroom. 

 Breton Street, Indianapolis, 46222  [RWA]
1 Photo
Home for sale: Breton Street, Indianapolis, IN
   
Purchase Price: $69,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $795
Bedrooms: 3 Property Tax: $101
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 888  Property Mgmt: $64
Price/Sq foot:  $79 Cash Flow: (Raw) $570
Year Built: 1956 Cap Rate: 9.8%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.7
 This Single-Family Home is located in the Eagledale neighborhood in Indianapolis, IN and in ZIP Code 46222. This property has approximately 888 square feet and was built in 1956.

 E State Road 28 (Alexandria), Indianapolis, 46001  [RWA]
6 Photos
Home for sale: E State Road 28 (Alexandria), Indianapolis, IN
   
Purchase Price: $89,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $149
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,356  Property Mgmt: $70
Price/Sq foot:  $66 Cash Flow: (Raw) $596
Year Built: 1951 Cap Rate: 8.0%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.4
3 bedrooms and 1.5 bathroom. A lovely single family Ranch style home that has lots of opportunity.
Good buy property!
 Shorter Drive, Indianapolis, 46214  [RWA]
7 Photos
Home for sale: Shorter Drive, Indianapolis, IN
   
Purchase Price: $149,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,400
Bedrooms: 3 Property Tax: $240
Bathrooms: 2.5 Insurance/HOA: $60
Size: (sq ft) 1,712  Property Mgmt: $112
Price/Sq foot:  $88 Cash Flow: (Raw) $988
Year Built: 1986 Cap Rate: 7.9%
Parking: 2 ATT Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4

Amazing Wayne Township home located in an established neighborhood close to Ben Davis and Covenant Christian High School. This 3 bedroom, 2.5 bathroom home features a lovely screened in porch that overlooks the fenced in backyard and a two car attached garage. The living room room has high vaulted ceilings and a nice fireplace to cozy up in front of. Don't let the opportunity to own this home slip away!

 North Bosart Avenue, Indianapolis, 46201  [RWA]
8 Photos
Home for sale: North Bosart Avenue, Indianapolis, IN
   
Purchase Price: $67,700 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $675
Bedrooms: 2 Property Tax: $110
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 1,108  Property Mgmt: $54
Price/Sq foot:  $61 Cash Flow: (Raw) $451
Year Built: 1922 Cap Rate: 8.0%
Parking: Street Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.5

This adorable home features 2 bedrooms and 1 full bath, beautiful hardwood floors, unique windows providing plenty of light and a 1 car detached garage.


More Properties Coming Soon!

POPULATION GROWTH

  • Indianapolis is the 12th largest city in the United States and is the capital of the U.S. state of Indiana with a population of around 800,000.
  • Population grew 15.2% between 2000-2010 -- well above the national average.

JOB GROWTH

  • In 2013, Indianapolis was ranked in the country’s top 10 metro areas for job growth.
  • The non-seasonally adjusted unemployment rate for the Indianapolis-Carmel area fell to 5.8 percent in December 2013, down from 7.9 in December 2012.

ECONOMY

  • Ranked 4th most affordable city by Forbes.
  • Ranked as a Best New Boom Town in the U.S. by Forbes 2011.
  • Indianapolis is a major transportation and distribution hub for the Midwest.
  • In 2013, the Indianapolis metro area was the 20th-largest export market in the United States, with merchandise shipments totaling $15.9 billion.
  • One of the most centrally located of the largest 100 cities in the United States, the city is served by four interstate highways, six railroads, an international airport, and a foreign trade zone, making Indianapolis a major center for distribution and commerce.
  • Indianapolis' unemployment rate is below the national average largely due to a diverse economy and skilled and educated workforce.
  • More than a third of its workforce is employed in stable sectors such as pharmaceuticals, healthcare, social services, education and government.

HOUSING

  • #1 most stable real estate market in the U.S. (Declined less than 7% throughout recession.).
  • Ranked #1 Best Market For Real Estate Investors by Inman.
  • Ranked Top 3 markets for single-family rental properties by The Wall Street Journal.
  • Rental rates Increased over 11% last year.

MISCELLANEOUS

  • New $1 billion international airport terminal -- the 21st busiest cargo airport in the world.
  • 75% of the U.S. and Canadian population can be reached within a one-day drive from Indianapolis.  Indianapolis is within a one-day drive of 24 major cities, and 50% of all U.S. businesses.

Overview

Indianapolis is a very large city located in the state of Indiana. With a population of 827,609 people and 204 constituent neighborhoods, Indianapolis is the largest community in Indiana.

Unlike some cities, Indianapolis isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Indianapolis are a mix of both white- and blue-collar jobs. Overall, Indianapolis is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Indianapolis who work in office and administrative support (15.73%), sales jobs (11.03%) and management occupations (8.24%).

Also of interest is that Indianapolis has more people living here who work in computers and math than 95% of the places in the US.

One important feature of Indianapolis is that it is one of the most car-oriented large cities in the country. In fact, 84.44% of people commute to and from work every day by private automobile, eschewing alternative forms of transportation, which are not widely available in Indianapolis anyway. So, if you like to drive, Indianapolis is the city for you! The landscape around Indianapolis reflects this: wide streets, parking lots, plenty of highways, malls, and shopping centers are what you'll find.

Indianapolis Information and Demographics

The percentage of people in Indianapolis who are college-educated is somewhat higher than the average US community of 21.84%: 27.29% of adults in Indianapolis have at least a bachelor's degree.

The per capita income in Indianapolis in 2010 was $24,334, which is wealthy relative to Indiana, and upper middle income relative to the rest of the US. This equates to an annual income of $97,336 for a family of four. However, Indianapolis contains both very wealthy and poor people as well.

Indianapolis is an extremely ethnically-diverse city. The people who call Indianapolis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Indianapolis residents report their race to be White, followed by Black or African-American. Important ancestries of people in Indianapolis include German, Irish, English and African.

The most common language spoken in Indianapolis is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Indianapolis, IN  (MSA)
6.8% 10.1% 13.4% 16.6%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Indianapolis, IN
Market Inventory Trends — Indianapolis, IN
Average Days on Market — Indianapolis, IN
Market Action Index — Indianapolis, IN

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Indianapolis, IN
342,567 109,864 33 20 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Indianapolis, IN
Unemployment Rate Trends - Indianapolis, Indiana
            Indianapolis, Indiana, National.   (Recessions shown as gray bars.)
Total Employment Trends — Indianapolis, IN
Total Employment - Indianapolis, Indiana
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Indianapolis, IN
Real Median Household Income Trends - Indianapolis, Indiana
            Indianapolis, Indiana, National.
Home Rent-to-Mortgage Payment Ratio — Indianapolis, IN
Home Rent-to-Mortgage Payment Ratio - Indianapolis, Indiana

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Indianapolis was 1.26 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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