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17020 Emerald Green Circle Westfield, IN 46074

3 Beds 2 Baths 1,560 sqft Built 1995

$260,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $166.67
  • 5 Days on Market
  • MLS # : 21765106
  • Updated Date : 02/10/2021 at 14:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Encore Sotheby's International

Listing Agent's Description

Located on a quiet cul-se-sac, this absolutely charming 3 bedroom, 2 bath ranch is main level living at its finest! Inviting and meticulously well kept, the open floor plan offers a spacious great room with vaulted ceiling and gas fireplace; while the kitchen has stainless appliances, granite counter tops and tile backsplash. The owner's suite has a posh bath with an on trend, oversized walk-in shower. Nicely sized laundry room includes washer and dryer + new water softener. Entertain in the bright sunroom or dine alfresco in the warmer months on the extended patio / deck area overlooking lush landscaping. Convenient storage shed. Move-in ready! This sought after address won't be on the market for long!

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

Zip Code: 46074

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k314k

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

Zip Code: 46074

ZipNIR Market*CityMarket2010Year2000 Q32019 Q211001200130014001500160017001800190020002100Rent in $10402140

* 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
Carey Ridge Elementary School Primary Regular 547 23 6
Westfield Middle School Middle Regular 1,042 48 7
Westfield High School High Regular 1,934 95 8

Carey Ridge Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 23
6
GreatSchools Rating

Westfield Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 48
7
GreatSchools Rating

Westfield High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 95
8
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$903
Property Tax -$400
Property Insurance -$57
HOA -$13
Property Management Fees -$135
CASH FLOW
-$7

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.

$260,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,513

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3903$1,4004$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 17020 Emerald Green Circle Westfield, IN 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 429 East Pine Ridge Drive Westfield, IN 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.98
    •  
  • 604 Southridge Court Westfield, IN 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1992
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.97
    •  
  • 17107 Puntledge Drive Westfield, IN 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2002
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 17257 Shadoan Way Westfield, IN 5
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Mindy Garcia
Encore Sotheby's International
BESbswy