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10508 Pintail Lane Indianapolis, IN 46239

4 Beds 3 Baths 2,504 sqft Built 2018

$277,500

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $110.82
  • 2 Days on Market
  • MLS # : 21749809
  • Updated Date : 11/02/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Immaculate New Home in Hunters Crossing Estates-Looks just like a model home-Enjoy a cup of coffee on the oversized covered front porch-Entertain in the spacious open concept eat in kitchen w/9 ft ceilings & quartz countertops, open to the family room & dining room-Delight your guest in the backyard w/ the new deck, firepit & manageable back yard-Relax in the Owners Suite which features a tray ceiling, His & Hers closets, Pullman Height double vanity, Luxury walk in shower, linen storage & a huge walk in closet-kick back in front of the gas fireplace in the family room-All Bedrooms have Hardwired Ethernet & Walk In Closets-Enormous amount of storage w/under stair storage & multiple closets-Has Den that is currently being used as an office

SEE MORE

  • Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
  • Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
  • Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
  • Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)
  • Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: New Bethel

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k242k

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

Neighborhood: New Bethel

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2100011001200130014001500160017001800Rent in $9211801

* 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
Franklin Central High School High Regular 2,503 110 9

Franklin Central High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 110
9
GreatSchools Rating
 

$249,750$305,250$277,500

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,024
Property Tax -$434
Property Insurance -$75
HOA -$28
Property Management Fees -$168
CASH FLOW
$140

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.

$277,500

PROJECTED PRICE

$1,870

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.0%
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$14k

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$79,288

INVESTMENT

$79,288

Down Payment
$69,375
Rehab Estimate
$5,750
Closing Costs
$4,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,024

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,375
Loan Amount $208,125
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,878

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,870
$1,870
RENT COMPS ANALYSIS
  • 10508 Pintail Lane Indianapolis, IN 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.75
    •  
  • 4544 Goose Rock Drive Indianapolis, IN 1
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2016
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
PROPERTY LISTING DETAILS
Barbara Whiteside
Keller Williams Indy Metro Ne
BESbswy