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10121 Pendula Drive Indianapolis, IN 46236

4 Beds 3 Baths 1,907 sqft Built 1997

$209,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $110.07
  • 3 Days on Market
  • MLS # : 21773219
  • Updated Date : 03/20/2021 at 09:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,907 sqft
  • Baths : 2 full , 1 half
Listing Agent

Murphy Real Estate Group, Inc.

Listing Agent's Description

Wonderful 4 bedroom, 2½ bath home in Watson Farms. This home has been meticulously maintained since it was built. Features include a large living room with fireplace that opens into the kitchen, an extra room on the main level could be second living room, dining room or office, master suite with large walk-in closet, double sinks and garden tub, laundry closet located on the second level. Situated in a quiet neighborhood with a community pool, and only minutes away from Ft Harrison St Park! This home is as solid as they come!

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PRICE & RENT TRENDS

Neighborhood: Lawrence

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190kPrice in $104k198k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lawrence

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211270

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Fall Creek Valley Middle School Middle Regular 1,159 57 3
Lawrence North High School High Regular 2,293 109 5

Fall Creek Valley Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 57
3
GreatSchools Rating

Lawrence North High School

  • Education Level: High
  • # of students: 2,293
  • # of teachers: 109
5
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$729
Property Tax -$327
Property Insurance -$64
HOA -$34
Property Management Fees -$123
CASH FLOW
$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$209,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,526

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,370

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2503$1,2954$1,3705$1,515
$1,515
RENT COMPS ANALYSIS
  • 10121 Pendula Drive Indianapolis, IN 4
    • 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.72
    •  
  • 10244 Cadogan Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.73
    •  
  • 6044 Draycott Drive Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.74
    •  
  • 6057 Sandcherry Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 10313 Cadogan Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2001
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ronald J. Russell
Murphy Real Estate Group, Inc.
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21773219
Last Updated: 03/20/2021
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