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1245 Apple Valley Road Greenwood, IN 46142

4 Beds 2 Baths 1,608 sqft Built 1979

$179,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $111.88
  • 3 Days on Market
  • MLS # : 21753032
  • Updated Date : 11/21/2020 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro W

Listing Agent's Description

Spacious 4 bedroom, 2 bath tri-level home that will provide your family with endless opportunities and room to grow! The separate living room and family room allow for flexibility in use of space & easy entertaining. Kitchen with stainless appliances, ceiling fan & eating area that leads out to the lovely patio. 4 bedrooms offer many possibilities; use a room as a guest room, exercise, craft or home office! Good sized laundry area as well. Plenty of room for outdoor activities in the huge rear yard that is fully fenced. Patio for grilling and relaxing! Storage shed for all your extra tools & gadgets. Center Grove Schools! Easy access to 135 & minutes from Greenwood Park mall. The perfect place to call home and make lasting family memories!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greenwood

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200kPrice in $119k207k

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

Neighborhood: Greenwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2105011001150120012501300135014001450150015501600Rent in $10401604

* 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
North Grove Elementary School Primary Regular 612 30 5
Center Grove Middle School North Middle Regular 884 50 7
Center Grove High School High Regular 2,455 112 9

North Grove Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 30
5
GreatSchools Rating

Center Grove Middle School North

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 50
7
GreatSchools Rating

Center Grove High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 112
9
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$664
Property Tax -$231
Property Insurance -$58
Property Management Fees -$105
CASH FLOW
$112

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.

$179,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.3%
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

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$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$15,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,146

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2003$1,2504$1,3605$1,400
$1,400
RENT COMPS ANALYSIS
  • 1245 Apple Valley Road Greenwood, IN 1
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.73
    •  
  • 7715 Vincent Court Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1999
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.72
    •  
  • 244 Westridge Boulevard Greenwood, IN 3
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1994
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 323 Hillendale Drive Greenwood, IN 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1973
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.72
    •  
  • 1163 Cherryfield Lane Greenwood, IN 5
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Eric Forney
Keller Williams Indy Metro W
BESbswy