Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13671 Eglin Drive Carmel, IN 46032

4 Beds 3 Baths 2,260 sqft Built 1987

$330,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $146.02
  • 3 Days on Market
  • MLS # : 21763146
  • Updated Date : 01/30/2021 at 10:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

Beautiful 4BR, 2.5BA mid-century modern home in Hunters Knoll! Updates are endless! Gorgeous kitchen features a stunning backsplash, quartz countertops, and beautiful sink and faucet! Bathrooms also feature quartz countertops. Open kitchen to living area with an amazing gas fireplace and double doors leading to beautiful outdoor space. Large master bedroom with contemporary accents and an attractive master bath with glass enclosed shower and separate garden tub. Private pergola/patio and deck lead to intimate fenced backyard with storage shed! Garage contains built-in storage.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k371k

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

Neighborhood: Hunters Knoll

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21200140016001800200022002400Rent in $10402510

* 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
Carmel Elementary School Primary Regular 515 26 8
Carmel Middle School Middle Regular 1,162 62 7
Carmel High School High Regular 4,830 251 10

Carmel Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 26
8
GreatSchools Rating

Carmel Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 62
7
GreatSchools Rating

Carmel High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,146
Property Tax -$449
Property Insurance -$71
HOA -$5
Property Management Fees -$171
CASH FLOW
$58

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.

$330,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,995
$1,995
RENT COMPS ANALYSIS
  • 13671 Eglin Drive Carmel, IN 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 11836 Harvard Lane Carmel, IN 1
    • 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 2005
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 699 Marana Drive Carmel, IN 3
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1986
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Trent Wood
1.317.658.8323
Keller Williams Indpls Metro N
BESbswy