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18 Sleepy Hollow Drive Westfield, IN 46074

3 Beds 2 Baths 1,425 sqft Built 1977

$227,500

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $159.65
  • 3 Days on Market
  • MLS # : 21759914
  • Updated Date : 02/26/2021 at 15:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,425 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome home! This adorable 3 bedroom ranch is located at the end of a wooded cul-de-sac, in a quiet well-established subdivision. Large family room with stone, wood burning, fireplace and hardwood laminate floors. Kitchen has stainless steel appliances & tile floors. All 3 bedrooms offer plenty of room, especially the master bedroom! Like to spend time in the backyard, this house has you covered! Huge, fully fenced, backyard with swing set and shed allows for endless possibilities! Close to Grand Park and walking distance to downtown Westfield and upcoming Grand Junction Plaza! Updates: Roof-2019, Water Softener-2020, Water Heater-2020, Dishwasher and Stove-2018. Furnace & AC new as of roughly 2015-2016. NO HOA!

SEE MORE

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
Monon Trail Elementary School Primary Regular 294 15 6
Westfield Middle School Middle Regular 1,042 48 7
Westfield High School High Regular 1,934 95 8

Monon Trail Elementary School

  • Education Level: Primary
  • # of students: 294
  • # of teachers: 15
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
 

$204,750$250,250$227,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$790
Property Tax -$350
Property Insurance -$55
Property Management Fees -$122
CASH FLOW
$34

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.

$227,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$790

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,3503$1,3754$1,550
$1,550
RENT COMPS ANALYSIS
  • 18 Sleepy Hollow Drive Westfield, IN 2
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 525 Birch Street Westfield, IN 1
    • 3 beds 1 baths ∙ 1,216 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,216 Sqft ∙ Built 1957
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.02
    •  
  • 429 East Pine Ridge Drive Westfield, IN 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.98
    •  
  • 17918 Amberwood Court Westfield, IN 4
    • 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1995
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ryan Foxworthy
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21759914
Last Updated: 02/26/2021
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