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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $125.43
- 2 Days on Market
- MLS # : 21750109
- Updated Date : 11/02/2020 at 13:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,112 sqft
- Baths : 2 full
Listing Agent
Carpenter, Realtors®
Listing Agent's Description
Stunning & immaculate!! Don't miss this 4BR, 2BA home in desirable Harrison Green. Fresh paint w/an abundance of upgrades make this home a winner. Adorable eat in kitchen w/quartz ctrs, tile backsplash, undermount lights, island and fabulous sliding barn doors over the pantry. DR/GR features cath. clgs, an abundance of light, wd burn fplc & new French patio doors w/blt-in blinds all overlooking the stamped concrete patio & fully fncd rear yard (don't miss the cute outdoor lighting that stays)! Main also has 2 additional BR's as well as Mstr w/beautiful updated bath featuring dble sinks, plant shelf and his/her closets. Upstairs is a gigantic add. BR as well as bonus attic access for lots of storage! Expect the unexpected...Check it out
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: Harrison Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harrison Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$977 |
| Property Tax | -$398 | |
| Property Insurance | -$68 | |
| HOA | -$17 | |
| Property Management Fees | -$161 | |
|
CASH FLOW
$169
|
||
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.
$264,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.5% |
| 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
$75,949
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
6
YEARS SAVED
$21,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,795
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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LEASED 11/08/19- Rent
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- $1,695
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LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,850
- $0.91
PROPERTY LISTING DETAILS
Carpenter, Realtors®
