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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Zip Code: 46034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$62,699
LOAN DETAILS
$746
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
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
-
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
Century 21 Scheetz
MLS #: 21770723
Last Updated: 03/13/2021
