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1589 Overlook Circle Cicero, IN 46034

3 Beds 2 Baths 1,604 sqft Built 1980

$214,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $133.98
  • 3 Days on Market
  • MLS # : 21770723
  • Updated Date : 03/13/2021 at 08:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Scheetz

Listing Agent's Description

MUST SEE this wonderful home in the heart of Cicero. A meticulously maintained home has a split level floor plan - the main level has a cozy living room with fireplace and eat-in kitchen with great views of the spacious and open back yard. The lower level has a bonus room, half bath, and laundry room. The upper level has a large master BR, full bath, and secondary bedrooms. Great lot with mature trees, a storage barn, concrete patio, and a beautiful backyard. Recent updates include new water heater, newer roof 2018, siding, windows, and gutters. Amazing location as your a "stone's throw" away from Morse Lake and all things Cicero.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46034

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $119k243k

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

Zip Code: 46034

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10391551

* 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
Hamilton Heights Elementary School Primary Regular 535 27 6
Hamilton Heights Middle School Middle Regular 559 31 5
Hamilton Heights High School High Regular 684 36 7

Hamilton Heights Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 27
6
GreatSchools Rating

Hamilton Heights Middle School

  • Education Level: Middle
  • # of students: 559
  • # of teachers: 31
5
GreatSchools Rating

Hamilton Heights High School

  • Education Level: High
  • # of students: 684
  • # of teachers: 36
7
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$746
Property Tax -$279
Property Insurance -$70
Property Management Fees -$130
CASH FLOW
$215

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.

$214,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$22,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,535
$1,535
RENT COMPS ANALYSIS
  • 1589 Overlook Circle Cicero, IN 1
    • 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.65
    •  
  • 6005 Selby Court Noblesville, IN 2
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kyle A. Williams
Century 21 Scheetz
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770723
Last Updated: 03/13/2021
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