TITLE:
New Build Duplexes in Indianapolis
CONTROL:
Partner
VALUE:
$380,000
LOAN:
$304,000
EQUITY:
$76,000
TYPE:
Multi-Family
HAVE:
Build to Rent in Indianapolis. This local developer is building up/down duplexes.
ADDRESS:
Various, Indianapolis, Indiana
BENEFITS TO NEW OWNER:
Cashflow, appreciation and loan principal reduction for a total return on cash investment of about 21%.
GROSS SCHEDULED INCOME:
$43,200 Projected
VACANCY LOSS:
$3,456
GROSS EFFECTIVE INCOME:
$39,744
EXPENSES:
$12,772
NOI:
$26,972
DEBT SERVICE:
$25,512
CASH FLOW:
$1,460
CAP RATE:
7.10%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$304,000
$2,126
8%
03/31/2054
No
BENEFITS SOUGHT:
Profits for developer.
CAN ADD:
Additional duplexes.
REMARKS:
This is a proforma case when you invest is there Build-to-Rent duplexes in Indianapolis. Multiple properties are available.
COUNSELOR:
Stephan Kline
Kline Properties
1910 E Washington St Ste B
Indianapolis, Indiana, 46201
