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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $112.33
- 4 Days on Market
- MLS # : 21758737
- Updated Date : 12/31/2020 at 10:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,468 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Indy Metro Ne
Listing Agent's Description
Stunning 3bed 2.5ba home with many new updates! New laminate flooring throughout main level installed in 2019. Brand new carpet installed in upper level and stairs. All bathrooms and laundry room have new vinyl tile flooring installed in April 2020. Master bedroom features a large walk in closet and a new jetted tub installed in April 2020. Kitchen features brand new backsplash and SS appliances! Large deck in backyard with beautiful views of the pond! Enjoy fishing in your own backyard! Home security surveillance system to stay with home. This one won't last long!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Far East Side
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far East Side
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$608 |
| Property Tax | -$288 | |
| Property Insurance | -$55 | |
| HOA | -$24 | |
| Property Management Fees | -$115 | |
|
CASH FLOW
$189
|
||
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.
$164,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.45% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,449
LOAN DETAILS
$608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,225 |
| Loan Amount | $123,675 |
7.67
YEARS SAVED
$19,908
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,193
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
10832 Tealpoint Drive Indianapolis, IN 3
- 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,280
- $0.87
-
11327 Fairweather Place Indianapolis, IN 1
- 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,199
- $0.78
-
1214 Dale Hollow Drive Indianapolis, IN 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1993
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,265
- $0.88
-
1938 Bradford Trace Way Indianapolis, IN 4
- 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,345
- $0.76
-
2134 Lappin Court Indianapolis, IN 5
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,345
- $0.83
PROPERTY LISTING DETAILS
1.317.640.0778
Keller Williams Indy Metro Ne
