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Prairie Oaks
3100 N Meridian St, Indianapolis, IN 46208
Units60
Year built1998
Asking price$6,600,000
Price / unit$110,000
Data sourceMANUAL
IMF Deal Score
Elevated Risk
Data Confidence: 7.5/10
Operating snapshot (as reported, before your assumptions)
Gross scheduled income$720,000
Other income$24,000
Vacancy6.0%
Effective gross income$700,800
Operating expenses$320,000
Expense ratio46%
Net operating income$380,800
Going-in cap rate5.8%
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Assumptions
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Property
Financing
Growth
IMF Deal Score
Elevated Risk
Informational only — not a recommendation to buy or sell. Data Confidence is shown separately below.
Cap Rate5.8%
Cash-on-Cash3.6%
DSCR1.38
Debt Yield10.5%
NOI$380,800
Annual Cash Flow$105,471
Monthly Debt Service$22,944
Break-even Occupancy80%
Price / Unit$110,000
Loan Amount$3,630,000
Down Payment$2,970,000
Effective Gross Income$700,800
Score breakdown
Financial Return11.4 / 35
Cap rate 5.8% and cash-on-cash 3.6%.
Debt Resilience14.9 / 25
DSCR 1.38, debt yield 10.5%, break-even occupancy 80%.
Market Fundamentals10.8 / 20
Indianapolis, IN: rent growth 3.0%, vacancy 6.5%, job growth 1.5%.
Acquisition Basis0 / 10
$110,000/unit vs market median $88,000 (+25%).
Data Confidence7.5 / 10
Source MANUAL, 100% of key fields present, financials unverified.
5-year projection
| Year | NOI | Cash Flow |
|---|---|---|
| Year 1 | $380,800 | $105,471 |
| Year 2 | $393,824 | $118,495 |
| Year 3 | $407,279 | $131,950 |
| Year 4 | $421,178 | $145,849 |
| Year 5 | $435,536 | $160,208 |