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11629 Deanna Drive Indianapolis, IN 46229

3 Beds 1 Baths 1,255 sqft Built 1950

$129,900

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $103.51
  • 2 Days on Market
  • MLS # : 21769390
  • Updated Date : 03/06/2021 at 22:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,255 sqft
  • Baths : 1 full
Listing Agent

Re/max At The Crossing

Listing Agent's Description

Welcome home! This lovely home in Cumberland has 3 bedrooms, including a large master bedroom. 2 large decks are connected to master bedroom with French doors leading to both. There is a detached one car garage conveniently located behind the home. Large, fenced in yard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cumberland

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160kPrice in $79k168k

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

Neighborhood: Cumberland

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211278

* 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
Grassy Creek Elementary School Primary Regular 420 22 6
Creston Middle School Middle Regular 633 34 2
Warren Central High School High Regular 3,602 147 2

Grassy Creek Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 22
6
GreatSchools Rating

Creston Middle School

  • Education Level: Middle
  • # of students: 633
  • # of teachers: 34
2
GreatSchools Rating

Warren Central High School

  • Education Level: High
  • # of students: 3,602
  • # of teachers: 147
2
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$451
Property Tax -$222
Property Insurance -$51
Property Management Fees -$88
CASH FLOW
$168

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.

$129,900

PROJECTED PRICE

$980

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k$8.0k$9.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$451

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$16,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $954

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$980
1$9802$9953$1,0494$1,145
$1,145
RENT COMPS ANALYSIS
  • 11629 Deanna Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1950 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.78
    •  
  • 1911 Schwier Court Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1961
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.71
    •  
  • 2032 Fairhaven Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1961
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,049
    • $0.74
    •  
  • 324 Hopkins Road Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1969
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.83
    •  
PROPERTY LISTING DETAILS
Karri L. Harbert
Re/max At The Crossing
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769390
Last Updated: 03/06/2021
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