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11718 Fawn Crest Drive Indianapolis, IN 46235

3 Beds 2 Baths 1,482 sqft Built 2017

$184,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $124.76
  • 6 Days on Market
  • MLS # : 21758635
  • Updated Date : 12/29/2020 at 15:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,482 sqft
  • Baths : 2 full
Listing Agent

Red Bridge Real Estate

  • 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: Winding Ridge

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: Winding Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211270

* 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
Winding Ridge Elementary School Of Inquiry And Performing Arts (east Side) Primary Regular 617 33 3
Belzer Middle School Middle Regular 1,159 61 4
Lawrence Central High School High Regular 2,331 115 3

Winding Ridge Elementary School Of Inquiry And Performing Arts (east Side)

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 33
3
GreatSchools Rating

Belzer Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 61
4
GreatSchools Rating

Lawrence Central High School

  • Education Level: High
  • # of students: 2,331
  • # of teachers: 115
3
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$682
Property Tax -$288
Property Insurance -$56
Property Management Fees -$111
CASH FLOW
$93

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.

$184,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.67%

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$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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$12,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3453$1,3604$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 11718 Fawn Crest Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.83
    •  
  • 5344 Brassie Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2006
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.78
    •  
  • 11629 Eldridge Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2005
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.77
    •  
  • 11560 Congressional Lane Lawrence, IN 4
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1998
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 11667 Congressional Lane Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
PROPERTY LISTING DETAILS
Randy Placencia
Red Bridge Real Estate
BESbswy