Home » Properties » Multi-Family Property Sold by the Indianapolis, IN Property Team for $454K

Multi-Family Property Sold by the Indianapolis, IN Property Team for $454K

Property Type:

Multi Family Rental
Purchase Price: $454,900
Gross Rent: $3,250
Cap Rate (year 1): 7.4
Cash Flow (year 1): $8,972
6
5
2,768 SQ. FT
Loan type? 75% LTV 30-year @ 5.990% with 0 Pts
?Purchase Price:$454,900
Down payment:$113,725
?Purchase cost:$13,647
?Total cash invested:$127,372
?Estimated cash flow (year 1)
?Gross rent:$3,250
?Principal & interest:$2,043
Taxes:$179
HOA:$170
Insurance:$110
Property management:n/a
Total monthly cost:$2,502
?Monthly cashflow (year 1):$748
?annual cashflow:$8,972

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$8,972$11,733$11,777$29,415
?Total equity:$131,569$209,915$325,910$1,104,162
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%8%12%
?Cash on Cash Return:7%9%9%23%
?Return on Equity:7%6%4%3%
?Internal Rate of Return (IRR):-12%14%14%12%
?Return on Investment:-12%81%208%1,117%

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