Buy Turn-key Rental Properties in Indianapolis

Indianapolis Property Highlights:

Fully-Renovated Single Family and Duplexes
Tenants and Local Property Management in Place
7% Average Cap Rate
155K Starting Price
Hand-Selected Neighborhoods

Indianapolis Market:

One of the hottest sports towns in the country with the Indiana Fever and Pacers selling out games
Cost of Living and Unemployment are both below the national average (Source: BLS.gov).
Job growth – Thousands of new jobs being created, producing a large pool of qualified tenants
College town – universities create consistent rental demand.

Coming off a 2025 year when the Indiana Pacers made it to the NBA Finals and the Indiana Fever made it to the WNBA semi-finals (and won the Commissioners Cup), Indianapolis is one of the most exciting cities in the country right now! And Indy is uniquely advantageous for real estate investors too, with optimal price-to-rent ratios and strong market fundamentals. The residential population has grown over 20% in the last 15 years, the cost of living is well below the national average, and the unemployment rate is one of the lowest in the country. The city is abuzz, people are moving in, and there is a large pool of qualified tenants looking to rent properties.

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Available Indianapolis Properties

$299900

For Sale

$1,593 Net Operating Income

Ringgold Avenue Indianapolis, IN

$250000

For Sale

$1,354 Net Operating Income

Kennington Street Indianapolis, IN

$155000

For Sale

$813 Net Operating Income

Rawles Avenue Indianapolis, IN

$169900

For Sale

$967 Net Operating Income

South Walcott Street Indianapolis, IN

$185000

For Sale

$1,104 Net Operating Income

Woodland Drive Indianapolis, IN

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Purchase
Purchase Price
Fair Market Value
Down Payment Percent
Depreciable Closing Costs
Lender Fees / Points
Mortgage Interest Rate

Monthly Cashflow
Gross Scheduled Rent
Vacancy Estimate (% of Gross Rent)
Property Taxes
Insurance
Prop. Management Fee (% of Gross Rent)
Maintenance Estimate (% of Gross Rent)
Owner-Paid Utilities / Landscaping
Other Expense

Future Assumptions
Annual Home Price Appreciation %
Annual Rent Increase % (Start Yr 2)
Cost to Sell (% of the Property's Fair Market Value at the Time of Sale)
Annual Property Tax Increase % (Start Yr 2)
Annual Insurance Increase % (Start Yr 2)
Other Expense Annual Increase % (Start Yr 2)
Annual Owner-Paid Utilities / Landscaping Increase % (Start Yr 2)
Capital Improvement Estimate as % of Gross Rent (Start Yr 2)

Cash to Purchase
Purchase Price	$150,000
Fair Market Value	$150,000
Down Payment Amount	$30,000
Depreciable Closing Costs	$3,000
Lender Fees / Points	$3,000
Total Cash Invested	$36,000
Total Equity at Purchase	$30,000

Morgage Calculation
Loan Amount	$120,000
Monthly Mortgage Payment	$644
First Year Mortgage Principal Paid Down	$1,770
First Year Mortgage Interest Paid	$5,960

Tax Benefits
Value of (Non-Depreciable) Land	$15,000
Value of (Depreciable) Property Structure	$135,000
Depreciable "Cost Basis" at Purchase	$138,000
Annual Straight Line Depreciation of Cost Basis	$5,018
Annual Depreciation of Lender Fees / Costs	$100
First Year Total Depreciation	$5,118
First Year Taxable Income Before Depreciation	$3,340
First Year Taxable Income Offset by Depreciation	$3,340
First Year Remaining Taxable Income After Depreciation	$0
First Year Federal Income Taxes Owed on Rental Income	$0
First Year Tax Savings from Depreciation on Rental Income	$1,069
First Year Left Over Depreciation	$1,778

Annual Income	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10	Year 11	Year 12	Year 13	Year 14	Year 15	Year 16	Year 17	Year 18	Year 19	Year 20	Year 21	Year 22	Year 23	Year 24	Year 25	Year 26	Year 27	Year 28	Year 29	Year 30
Gross Scheduled Rent	$15,000	$15,300	$15,606	$15,918	$16,236	$16,561	$16,892	$17,230	$17,575	$17,926	$18,285	$18,651	$19,024	$19,404	$19,792	$20,188	$20,592	$21,004	$21,424	$21,852	$22,289	$22,735	$23,190	$23,653	$24,127	$24,609	$25,101	$25,603	$26,115	$26,638
Vacancy Loss	$1,050	$1,071	$1,092	$1,114	$1,137	$1,159	$1,182	$1,206	$1,230	$1,255	$1,280	$1,306	$1,332	$1,358	$1,385	$1,413	$1,441	$1,470	$1,500	$1,530	$1,560	$1,591	$1,623	$1,656	$1,689	$1,723	$1,757	$1,792	$1,828	$1,865
Gross Operating Income	$13,950	$14,229	$14,514	$14,804	$15,100	$15,402	$15,710	$16,024	$16,345	$16,672	$17,005	$17,345	$17,692	$18,046	$18,407	$18,775	$19,150	$19,533	$19,924	$20,323	$20,729	$21,144	$21,566	$21,998	$22,438	$22,886	$23,344	$23,811	$24,287	$24,773

Annual Operating Expenses	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10	Year 11	Year 12	Year 13	Year 14	Year 15	Year 16	Year 17	Year 18	Year 19	Year 20	Year 21	Year 22	Year 23	Year 24	Year 25	Year 26	Year 27	Year 28	Year 29	Year 30
Property Taxes	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800	$1,800
Insurance	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600	$600
Maintenance Assumption	$750	$765	$780	$796	$812	$828	$845	$862	$879	$896	$914	$933	$951	$970	$990	$1,009	$1,030	$1,050	$1,071	$1,093	$1,114	$1,137	$1,159	$1,183	$1,206	$1,230	$1,255	$1,280	$1,306	$1,332
Property Management	$1,500	$1,530	$1,561	$1,592	$1,624	$1,656	$1,689	$1,723	$1,757	$1,793	$1,828	$1,865	$1,902	$1,940	$1,979	$2,019	$2,059	$2,100	$2,142	$2,185	$2,229	$2,273	$2,319	$2,365	$2,413	$2,461	$2,510	$2,560	$2,612	$2,664
Owner-Paid Utilities / Landscaping	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Operating Expenses	$4,650	$4,695	$4,741	$4,788	$4,835	$4,884	$4,934	$4,985	$5,036	$5,089	$5,143	$5,198	$5,254	$5,311	$5,369	$5,428	$5,489	$5,551	$5,614	$5,678	$5,743	$5,810	$5,878	$5,948	$6,019	$6,091	$6,165	$6,240	$6,317	$6,396

Annual Debt Service	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10	Year 11	Year 12	Year 13	Year 14	Year 15	Year 16	Year 17	Year 18	Year 19	Year 20	Year 21	Year 22	Year 23	Year 24	Year 25	Year 26	Year 27	Year 28	Year 29	Year 30
Debt Service	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730	$7,730
Mortgage Balance at Year End	$118,230	$116,369	$114,412	$112,356	$110,194	$107,922	$105,534	$103,023	$100,384	$97,610	$94,695	$91,629	$88,408	$85,021	$81,461	$77,719	$73,785	$69,650	$65,304	$60,735	$55,932	$50,884	$45,577	$39,999	$34,136	$27,972	$21,494	$14,684	$7,525	-
Debt Service Coverage Ratio	1.2%	1.23%	1.26%	1.3%	1.33%	1.36%	1.39%	1.43%	1.46%	1.5%	1.53%	1.57%	1.61%	1.65%	1.69%	1.73%	1.77%	1.81%	1.85%	1.89%	1.94%	1.98%	2.03%	2.08%	2.12%	2.17%	2.22%	2.27%	2.32%	2.38%

Buy Turn-key Rental Properties in Indianapolis

Highlights

Indianapolis Property Highlights:

Indianapolis Market:

Why Indianapolis?

Available Indianapolis Properties

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