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139 Lynwood New Whiteland, IN 46184

3 Beds 2 Baths 1,050 sqft Built 1956

$160,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $152.38
  • 3 Days on Market
  • MLS # : 21770963
  • Updated Date : 03/12/2021 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,050 sqft
  • Baths : 1 full , 1 half
Listing Agent

United Real Estate Indpls

Listing Agent's Description

Welcome Home! 3 Beds/1.5 Baths/2 Car Garage and Fully Fenced Yard with No HOA! Own This Home For Less Than Rent! Spacious Eat-In Kitchen Includes All Stainless Steel Appliances. Newer Windows Throughout Home Flood the Space with Natural Light. Oversized Owner's Bedroom has Extra Large Closets. Detached 2 Car Garage has Electric and Gas. Additional Shed with Plenty of Room for Storage and Fenced Storage Area on Side of Garage. Home, Garage & Storage Barn All Have Metal Roofs. Enjoy Mature Trees in Large Backyard. Close Proximity to Multiple Parks and Play Areas. Easy Access to Highways, Schools, Shopping, Dining and More! This Won't Last Long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46184

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $82k168k

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

Zip Code: 46184

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210001020104010601080110011201140116011801200122012401260Rent in $9991270

* 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
Whiteland Elementary School Primary Regular 430 22 8
Clark Pleasant Middle School Middle Regular 988 46 8
Whiteland Community High School High Regular 1,767 69 6

Whiteland Elementary School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 22
8
GreatSchools Rating

Clark Pleasant Middle School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 46
8
GreatSchools Rating

Whiteland Community High School

  • Education Level: High
  • # of students: 1,767
  • # of teachers: 69
6
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$556
Property Tax -$218
Property Insurance -$47
Property Management Fees -$91
CASH FLOW
$98

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.

$160,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

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$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$556

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$11,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,022

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,010
1$1,0102$1,0953$1,1954$1,240
$1,240
RENT COMPS ANALYSIS
  • 139 Lynwood New Whiteland, IN 1
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.96
    •  
  • 208 Crestwood Drive New Whiteland, IN 2
    • 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1956
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.90
    •  
  • 141 West Street Whiteland, IN 3
    • 3 beds 1 baths ∙ 1,128 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,128 Sqft ∙ Built 1973
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.06
    •  
  • 426 Pleasant Drive New Whiteland, IN 4
    • 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1958
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amber Wilson
1.317.417.9654
United Real Estate Indpls
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770963
Last Updated: 03/12/2021
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