Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1625 Composer Way Indianapolis, IN 46231

3 Beds 3 Baths 1,753 sqft Built 2001

$177,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $101.48
  • 6 Days on Market
  • MLS # : 21765583
  • Updated Date : 02/26/2021 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome home to this turn key home with many updates, including new windows, carpet, roof, water heater & more! Ideal location with quick access to the interstate with plenty of amenities in Avon and Plainfield. Comfortable, open floorplan with laminate and tile floors throughout the main level. Kitchen with new countertops, 42" cabinets & all appliances included. Master suite with a jetted tub, walk-in closet, refreshed shower surround and new doors. 2 additional guest bedrooms & loft, all with brand new carpet and new windows! Backyard deck and smaller lot is ideal for those looking to enjoy easy living! Enjoy the summer months at the HOA pool and clubhouse.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chapel Hill - Ben Davis

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: Chapel Hill - Ben Davis

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2800850900950100010501100115012001250Rent in $7941268

* 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
Lynhurst 7th And 8th Grade Center Middle Regular 1,241 82 5
Ben Davis University High School High Regular 358 18 4
Ben Davis Ninth Grade Center High Regular 1,154 82 NA

Lynhurst 7th And 8th Grade Center

  • Education Level: Middle
  • # of students: 1,241
  • # of teachers: 82
5
GreatSchools Rating

Ben Davis University High School

  • Education Level: High
  • # of students: 358
  • # of teachers: 18
4
GreatSchools Rating

Ben Davis Ninth Grade Center

  • Education Level: High
  • # of students: 1,154
  • # of teachers: 82
NA
GreatSchools Rating
 

$160,110$195,690$177,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$618
Property Tax -$331
Property Insurance -$61
HOA -$32
Property Management Fees -$116
CASH FLOW
$132

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.

$177,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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$52,894

INVESTMENT

$52,894

Down Payment
$44,475
Rehab Estimate
$5,750
Closing Costs
$2,669

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$618

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,475
Loan Amount $133,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$11,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,315

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,4004$1,4255$1,445
$1,445
RENT COMPS ANALYSIS
  • 1625 Composer Way Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.74
    •  
  • 9209 Allegro Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2002
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 1955 Dutch Elm Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2002
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 9222 Blue Pine Drive Indianapolis, IN 4
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.78
    •  
  • 1841 South Blue Pine Lane Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2002
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.76
    •  
PROPERTY LISTING DETAILS
Molly Hadley
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21765583
Last Updated: 02/26/2021
BESbswy