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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunters Knoll
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
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
-
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
1.317.658.8323
Keller Williams Indpls Metro N
