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13220 Grouse Point Trail Carmel, IN 46033

4 Beds 3 Baths 2,247 sqft Built 1996

$307,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $136.63
  • 3 Days on Market
  • MLS # : 21768669
  • Updated Date : 03/06/2021 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,247 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome home! This beautiful 4 bedroom, 2.5 bath home with 2-story entry, large den/library with French doors, Formal dining room, butler's pantry and bright open kitchen with center island, stainless appliances, pantry, and extensive cabinetry, is just what you've been looking for. The primary suite has garden tub, separate shower, and walk-in closet. Expansive deck overlooks fully fenced rear yard giving ample space to run and play or sit and enjoy time in the hot tub. In addition to the neighborhood pool and playground, you have the 16-acre Lawrence W Inlow Park behind you with huge water spray feature and 3 playgrounds, walking trails and plenty of open space. Close to shopping, restaurants, and more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Quail Run at Haverstick

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k383k

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

Neighborhood: Quail Run at Haverstick

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21200140016001800200022002400Rent in $10402565

* 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
Prairie Trace Elementary School Primary Regular 634 30 9
Clay Middle School Middle Regular 1,233 62 8
Carmel High School High Regular 4,830 251 10

Prairie Trace Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 30
9
GreatSchools Rating

Clay Middle School

  • Education Level: Middle
  • # of students: 1,233
  • # of teachers: 62
8
GreatSchools Rating

Carmel High School

  • Education Level: High
  • # of students: 4,830
  • # of teachers: 251
10
GreatSchools Rating
 

$276,300$337,700$307,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,066
Property Tax -$418
Property Insurance -$70
HOA -$38
Property Management Fees -$168
CASH FLOW
$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 19% of earned rent to cover both maintenance and periods of vacancy.

$307,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.91%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 11.18%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,105

INVESTMENT

$87,105

Down Payment
$76,750
Rehab Estimate
$5,750
Closing Costs
$4,605

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,750
Loan Amount $230,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$1,9904$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 13220 Grouse Point Trail Carmel, IN 2
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.83
    •  
  • 5811 Annandale Drive Carmel, IN 1
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1997
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 12667 Honors Drive Carmel, IN 3
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.88
    •  
  • 5859 Hornbean Court Carmel, IN 4
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 13461 Forum Meadows Drive Carmel, IN 5
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Wendy Gillespie
1.317.698.0229
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768669
Last Updated: 03/06/2021
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