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12217 Meadowfield Circle Indianapolis, IN 46236

3 Beds 2 Baths 1,402 sqft Built 1998

$179,999

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $128.39
  • 3 Days on Market
  • MLS # : 21767886
  • Updated Date : 03/06/2021 at 17:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,402 sqft
  • Baths : 2 full
Listing Agent

Trueblood Real Estate

Listing Agent's Description

Awesome 3 bedroom 2 bathroom ranch on a quiet cul-de-sac. High vaulted ceilings and a great split floor plan. Freshly painted, brand new LVP flooring throughout and ready for you to move right in. Great size master bedroom w/ walk-in closet and master bath. Guest rooms also feature walk-in closets as well. Newer HVAC within 5 years and roof is less than 3 years old. Fenced in yard. Amazing location with easy access to shopping and restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lawrence

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190kPrice in $104k198k

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

Neighborhood: Lawrence

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
Belzer Middle School Middle Regular 1,159 61 4
Lawrence Central High School High Regular 2,331 115 3

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
 

$161,999$197,999$179,999

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$625
Property Tax -$281
Property Insurance -$54
HOA -$15
Property Management Fees -$104
CASH FLOW
$80

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.

$179,999

PROJECTED PRICE

$1,160

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 2.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $134,999
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$9,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,241

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2953$1,2954$1,3655$1,415
$1,415
RENT COMPS ANALYSIS
  • 12217 Meadowfield Circle Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.83
    •  
  • 12426 Bearsdale Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.87
    •  
  • 11933 Titania Circle Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 6429 Blakeview Drive Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1996
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.89
    •  
  • 11550 Long Lake Drive Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2007
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,415
    • $0.95
    •  
PROPERTY LISTING DETAILS
Daniel O'brien
Trueblood Real Estate
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767886
Last Updated: 03/06/2021
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