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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.

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!

SEE MORE

  • 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

Zip Code: 46131

ZipNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $105k168k

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

Zip Code: 46131

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2100010201040106010801100112011401160118012001220124012601280Rent in $9881283

* 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
6
GreatSchools Rating

Custer Baker Intermediate School

  • Education Level: Middle
  • # of students: 768
  • # of teachers: 37
6
GreatSchools Rating

Franklin Community High School

  • Education Level: High
  • # of students: 1,630
  • # of teachers: 72
7
GreatSchools Rating
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,060

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
Term
3.75%
Interest
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
  • 1239 Brookdale Court Franklin, IN 5
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2018
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    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
BESbswy