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1239 Brookdale Court Franklin, IN 46131

4 Beds 3 Baths 2,270 sqft Built 2018

$254,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

$73,060

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$732
Value Increase	$16,053

10 YEAR

Cash On Cash	-1.9%
Total Return	11.0%

PROPERTY INFO

January 14, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2018
Price/Sqft : $111.89
4 Days on Market
MLS # : 21760143
Updated Date : 01/14/2021 at 15:15

CONSTRUCTION

Beds : 4
Floor Size : 2,270 sqft
Baths : 2 full , 1 half

Listing Agent

F.c. Tucker Company

Listing Agent's Description

Wonderful move in ready home located in vibrant community! This 4 bed 2 1/2 bath home with a 3 car garage has been meticulously maintained and is only 2 years old. Upon entry the open concept and light filled rooms will make you feel right at home! Kitchen has a center island, lovely cabinets, stainless steel appliances, and a breakfast bar. Large mstr bedroom has a tray ceiling, 2 w/in closets and a garden tub with full shower. Upstairs has a loft area to use however you please! The front porch is a perfect place to sit and enjoy your morning coffee! Nice sized backyard with an open patio is the perfect place to entertain friends and family. Home is located minutes away from remolded historic downtown Franklin and all your shopping needs!

1 of 37 X

MARKET HIGHLIGHTS

Indianapolis Market Report

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)

Zip Code: 46131

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

Zip Code: 46131

* 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
Custer Baker Intermediate School	Primary	Regular	768	37	6
Custer Baker Intermediate School	Middle	Regular	768	37	6
Franklin Community High School	High	Regular	1,630	72	7

Custer Baker Intermediate School

Education Level: Primary
# of students: 768
# of teachers: 37

GreatSchools Rating

Custer Baker Intermediate School

Education Level: Middle
# of students: 768
# of teachers: 37

GreatSchools Rating

Franklin Community High School

Education Level: High
# of students: 1,630
# of teachers: 72

GreatSchools Rating

FINANCIALS

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$228,600$279,40000$254,000

PURCHASE PRICE

$1,359$1,66100$1,510

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	$1,510
EXPENSES	Loan Payment	-$882
	Property Tax	-$340
	Property Insurance	-$71
	HOA	-$21
	Property Management Fees	-$136



CASH FLOW $61

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.

$254,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.92%
Appreciation Year (1-5)	6.2%
Maintenance Year (1-5)	8.00%
Vacancy	7.73%
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

$73,060

Down Payment	$63,500
Rehab Estimate	$5,750
Closing Costs	$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$63,500
Loan Amount	$190,500

See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,510
LIST RENT
$0.67
LIST RENT PER SQFT

$1,487
COMP ESTIMATED VALUE
$0.66
COMP AVG. RENT PER SQFT

Comps Range

$1,345

1$1,3452$1,4253$1,4504$1,4655$1,510

$1,510

RENT COMPS ANALYSIS

2,270
PROPERTY SQFT
$0.66
AVG RENT PER SQFT
$1,487
ESTIMATED VALUE
$1,510
LIST RENT

1239 Brookdale Court Franklin, IN 5

4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018
Price

Price Per SQFT

$254,000

$111.89
1344 Niagara Lane Franklin, IN 1

4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2012
SOLD 11/10/20
Price

Price Per SQFT

$241,400

$100.58
1283 Crabapple Road Franklin, IN 2

3 beds 3 baths ∙ 2,269 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,269 Sqft ∙ Built 2018
SOLD 03/31/20
Price

Price Per SQFT

$245,000

$107.98
1273 Greenbriar Way Franklin, IN 3

4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2018
SOLD 11/24/20
Price

Price Per SQFT

$247,000

$105.42
1226 Greenbriar Way Franklin, IN 4

4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2017
SOLD 08/31/20
Price

Price Per SQFT

$252,000

$105.44

1239 Brookdale Court Franklin, IN 5

4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018
Rent

Rent Per SQFT

$1,510

$0.67
1170 Fiesta Drive Franklin, IN 1

4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2014
LEASED 10/17/19
Rent

Rent Per SQFT

$1,345

$0.67
1255 Fiesta Drive Franklin, IN 2

4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2010
LEASED 10/15/19
Rent

Rent Per SQFT

$1,425

$0.63
2132 Turning Leaf Drive Franklin, IN 3

3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2002
LEASED 02/18/20
Rent

Rent Per SQFT

$1,450

$0.68
1164 Chestnut Lane Franklin, IN 4

4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002
LEASED 01/15/20
Rent

Rent Per SQFT

$1,465

$0.64

PROPERTY LISTING DETAILS

Darla Spina
1.765.318.0022
F.c. Tucker Company

1239 Brookdale Court Franklin, IN 46131

$254,000

$1,510

$73,060

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Custer Baker Intermediate School

Custer Baker Intermediate School

Franklin Community High School

FINANCIALS

$228,600$279,40000$254,000

$1,359$1,66100$1,510

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$254,000

$1,510

0.59%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$882

4.25

$10,561

$254,000

$111.89

$238,021

$104.86

COMPS RANGE

PRICE COMPS ANALYSIS

$1,510

$0.67

$1,487

$0.66

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS