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11114 Waterfield Lane Indianapolis, IN 46236

3 Beds 3 Baths 1,750 sqft Built 1999

$182,500

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $104.29
  • 4 Days on Market
  • MLS # : 21764553
  • Updated Date : 02/05/2021 at 09:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Welcome home to this bright and charming 3 bed, 2 1/2 bath in Lawrence Township. This home has a formal living room, open kitchen/family room combo great for entertaining. Large bedrooms with great closet space for storage. Located on a cul-de-sac and a private back yard. Seller is offering a paint and carpet allowance of $2500. The roof is 2 years old. Furnace/Air and Water Heater is less than 3 years old. Home is being sold AS-Is.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $81k168k

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

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7461268

* 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
 

$164,250$200,750$182,500

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$634
Property Tax -$285
Property Insurance -$61
HOA -$23
Property Management Fees -$112
CASH FLOW
$126

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.

$182,500

PROJECTED PRICE

$1,240

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

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$54,113

INVESTMENT

$54,113

Down Payment
$45,625
Rehab Estimate
$5,750
Closing Costs
$2,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$634

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,625
Loan Amount $136,875
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$11,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,348

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2203$1,2404$1,2455$1,345
$1,345
RENT COMPS ANALYSIS
  • 11114 Waterfield Lane Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.71
    •  
  • 11045 Waterfield Lane Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2001
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.72
    •  
  • 3939 North Burningbush Drive Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2000
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.72
    •  
  • 11043 Waterfield Place Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.79
    •  
  • 11101 Waterfield Lane Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.85
    •  
PROPERTY LISTING DETAILS
Tumikia Gilbert
1.317.658.5275
Keller Williams Indy Metro Ne
BESbswy