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11405 West Tulip Drive Plainfield, IN 46168

3 Beds 1 Baths 1,280 sqft Built 1953

$175,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $136.72
  • 4 Days on Market
  • MLS # : 21770629
  • Updated Date : 03/11/2021 at 19:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 1 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Enjoy this well-maintained home in sought-after Plainfield! Beautiful laminate flooring, updates, and meticulous care add to the heart of this 3 bedroom home with plenty of extra storage and closet space. The stove and refrigerator will remain with the eat-in kitchen, which provides adequate room for a large table, but you won't find a better place to entertain than the 23' x 13' screened-in porch! If you're looking for space outside you'll find all the options beginning with a half-acre yard and 3 storage barns. In the garage, you'll discover a half bath, an additional room built for a home office or your favorite hobby, and a built-in workbench. Home Warranty currently in place will transfer and No HOA makes this home a dream!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46168

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46168

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401551

* 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
Van Buren Elementary School Primary Regular 581 27 9
Plainfield Community Middle School Middle Regular 1,277 61 9
Plainfield High School High Regular 1,566 70 8

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 27
9
GreatSchools Rating

Plainfield Community Middle School

  • Education Level: Middle
  • # of students: 1,277
  • # of teachers: 61
9
GreatSchools Rating

Plainfield High School

  • Education Level: High
  • # of students: 1,566
  • # of teachers: 70
8
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$608
Property Tax -$275
Property Insurance -$52
Property Management Fees -$106
CASH FLOW
$139

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.

$175,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$13,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,306

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,2004$1,245
$1,245
RENT COMPS ANALYSIS
  • 11405 West Tulip Drive Plainfield, IN 1
    • 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.92
    •  
  • 410 Dunn Street Plainfield, IN 2
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1960
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 1621 Forrest Drive Plainfield, IN 3
    • 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1960
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.19
    •  
  • 1609 Forrest Drive Plainfield, IN 4
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1953
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.01
    •  
PROPERTY LISTING DETAILS
Valerie Wilson
Exp Realty, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770629
Last Updated: 03/11/2021
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