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11430 East Wolf Lane Indianapolis, IN 46229

3 Beds 3 Baths 1,788 sqft Built 1973

$159,500

List Price

$1,250

$1.1K - $1.4K

Rent Est.

$48,018

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.4%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.5%
Cash Flow	$2,508
Value Increase	$8,957

10 YEAR

Cash On Cash	1.3%
Total Return	11.9%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

December 11, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1973
Price/Sqft : $89.21
3 Days on Market
MLS # : 21756794
Updated Date : 12/11/2020 at 16:14

CONSTRUCTION

Beds : 3
Floor Size : 1,788 sqft
Baths : 3 full

Listing Agent

F.c. Tucker Company

Listing Agent's Description

Well maintained 4 bedroom 2 full baths home. Enjoy evenings & quiet time on your new deck that was installed summer of 2020. Siding, gutters & downspouts all replaced 2012. New roof late summer 2012. New thermal windows fall of 2012. Home ready for your special touch. Seller will provide Home Warrenty up to $500.00.

11431 Wolf Ln

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Eastridge Elementary School	Primary	Regular	465	23	3
Creston Intermediate Academy	Middle	Regular	593	26	2
Warren Central High School	High	Regular	3,602	147	2

Eastridge Elementary School

Education Level: Primary
# of students: 465
# of teachers: 23

GreatSchools Rating

Creston Intermediate Academy

Education Level: Middle
# of students: 593
# of teachers: 26

GreatSchools Rating

Warren Central High School

Education Level: High
# of students: 3,602
# of teachers: 147

GreatSchools Rating

FINANCIALS

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$143,550$175,45000$159,500

PURCHASE PRICE

$1,125$1,37500$1,250

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,250
EXPENSES	Loan Payment	-$588
	Property Tax	-$279
	Property Insurance	-$62
	Property Management Fees	-$113




CASH FLOW $209

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.

$159,500

PROJECTED PRICE

$1,250

PROJECTED RENT

0.78%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$48,018

Down Payment	$39,875
Rehab Estimate	$5,750
Closing Costs	$2,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$588

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$39,875
Loan Amount	$119,625

See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$22,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,250
LIST RENT
$0.7
LIST RENT PER SQFT

$1,256
COMP ESTIMATED VALUE
$0.7
COMP AVG. RENT PER SQFT

Comps Range

$1,095

1$1,0952$1,1453$1,2504$1,2955$1,445

$1,445

RENT COMPS ANALYSIS

1,788
PROPERTY SQFT
$0.7
AVG RENT PER SQFT
$1,256
ESTIMATED VALUE
$1,250
LIST RENT

11430 East Wolf Lane Indianapolis, IN 4

3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1973
Price

Price Per SQFT

$159,500

$89.21
11345 Stoeppelwerth Drive Indianapolis, IN 1

4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1971
SOLD 08/31/20
Price

Price Per SQFT

$118,900

$74.87
11042 Dura Drive Indianapolis, IN 2

3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1997
SOLD 06/26/20
Price

Price Per SQFT

$140,000

$85.47
11303 Mcdowell Drive Indianapolis, IN 3

4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971
SOLD 09/25/20
Price

Price Per SQFT

$145,000

$80.92
11502 East Boone Drive Indianapolis, IN 5

3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994
SOLD 06/29/20
Price

Price Per SQFT

$160,000

$78.66

11430 East Wolf Lane Indianapolis, IN 3

3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1973
Rent

Rent Per SQFT

$1,250

$0.70
1702 North Arley Drive Indianapolis, IN 1

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1972
LEASED 10/28/19
Rent

Rent Per SQFT

$1,095

$0.72
11329 East Bremerton Indianapolis, IN 2

4 beds 3 baths ∙ 1,744 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 1986
LEASED 08/06/19
Rent

Rent Per SQFT

$1,145

$0.66
850 North Muessing Street Indianapolis, IN 4

3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1963
LEASED 04/24/20
Rent

Rent Per SQFT

$1,295

$0.73
11704 Grenadier Lane Indianapolis, IN 5

4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1993
LEASED 03/16/20
Rent

Rent Per SQFT

$1,445

$0.70

PROPERTY LISTING DETAILS

Ronald Fleming
F.c. Tucker Company

11430 East Wolf Lane Indianapolis, IN 46229

$159,500

$1,250

$48,018

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Eastridge Elementary School

Creston Intermediate Academy

Warren Central High School

FINANCIALS

$143,550$175,45000$159,500

$1,125$1,37500$1,250

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$159,500

$1,250

0.78%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$588

8.67

$22,874

$159,500

$89.21

$143,004

$79.98

COMPS RANGE

PRICE COMPS ANALYSIS

$1,250

$0.7

$1,256

$0.7

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS