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17841 Sundial Drive Westfield, IN 46062

3 Beds 3 Baths 1,704 sqft Built 1998

$217,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $127.64
  • 3 Days on Market
  • MLS # : 21750669
  • Updated Date : 11/06/2020 at 15:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,704 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

Sought after updated home located in popular Westfield! Covered porch greets you & opens to spacious living room that leads to open concept updated kitchen and dining room. Kitchen has wrap around bar, matching appliances, granite countertops, subway tile backsplash and wood laminate floors. Main floor laundry leads to oversized garage, convenient 1/2 bath on 1st main. Second floor has loft space for additional lounging. Owners suite has wall of windows for great natural light. Owners bath w/soaker tub & separate shower. Two additonal bedrooms upstairs. Rear door leads to spacious concrete patio & park like rear yard w/privacy fence. Yard has mature trees and built in planter boxes.

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: 46062

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k295k

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

Zip Code: 46062

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Washington Woods Elementary School Primary Regular 391 20 6
Westfield Middle School Middle Regular 1,042 48 7
Westfield High School High Regular 1,934 95 8

Washington Woods Elementary School

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 20
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
 

$195,750$239,250$217,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$802
Property Tax -$334
Property Insurance -$60
Property Management Fees -$127
CASH FLOW
$86

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.

$217,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,388

INVESTMENT

$63,388

Down Payment
$54,375
Rehab Estimate
$5,750
Closing Costs
$3,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$802

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,375
Loan Amount $163,125
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$12,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,478

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4953$1,5054$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 17841 Sundial Drive Westfield, IN 1
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.83
    •  
  • 4228 Dunedin Court Westfield, IN 2
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2000
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 4125 Tarpon Bay Drive Westfield, IN 3
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2001
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.86
    •  
  • 18009 Sanibel Circle Westfield, IN 4
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 17257 Shadoan Way Westfield, IN 5
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael J. Lyons
Keller Williams Indpls Metro N
BESbswy