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10123 Ruckle Street Carmel, IN 46280

3 Beds 2 Baths 1,399 sqft Built 1958

$237,750

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $169.94
  • 4 Days on Market
  • MLS # : 21769987
  • Updated Date : 03/11/2021 at 23:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,399 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

So many updates & upgrades! Charming, bright 3 bedroom, 1.5 bath, brick single level, covered front porch. Oversized 2 car garage w/workbench, storage above. Refinished hardwoods. Custom kitchen w/stainless steel appliances, refinished glass kitchen countertops (beautiful, durable, lifetime warranty), custom rolling spice rack, custom refaced cabinetry, pantry. Crown molding & bead board, closet organizers. Custom patio benches. Custom shelving in living room. Enjoy 2 firepits in large, fenced backyard w/mini barn. Cul-de-sac, Mature trees, low maintenance perennial landscaping. Fresh paint. New lighting. Carmel Award Winning Schools, friendly neighbors, no homeowner association. Walk-ability. This is Probably It! Schedule your tour today.

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PRICE & RENT TRENDS

Neighborhood: Northridge

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Northridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
Orchard Park Elementary School Primary Regular 674 33 7
Carmel Middle School Middle Regular 1,162 62 7
Carmel High School High Regular 4,830 251 10

Orchard Park Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 33
7
GreatSchools Rating

Carmel Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 62
7
GreatSchools Rating

Carmel High School

  • Education Level: High
  • # of students: 4,830
  • # of teachers: 251
10
GreatSchools Rating
 

$213,975$261,525$237,750

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$826
Property Tax -$324
Property Insurance -$54
Property Management Fees -$131
CASH FLOW
$116

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.

$237,750

PROJECTED PRICE

$1,450

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,754

INVESTMENT

$68,754

Down Payment
$59,438
Rehab Estimate
$5,750
Closing Costs
$3,566

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,438
Loan Amount $178,313
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2953$1,3854$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 10123 Ruckle Street Carmel, IN 4
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 10902 Ruckle Street Indianapolis, IN 1
    • 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1955
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.01
    •  
  • 10405 Bellefontaine Street Indianapolis, IN 2
    • 3 beds 1 baths ∙ 1,412 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,412 Sqft ∙ Built 1940
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 1526 Orchard Park Drive N Carmel, IN 3
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1958
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $1.10
    •  
  • 10585 Washington Boulevard Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1960
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Rae-jean Langley
Keller Williams Indpls Metro N
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769987
Last Updated: 03/11/2021
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