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PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $135.46
- 3 Days on Market
- MLS # : 21755705
- Updated Date : 12/04/2020 at 11:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,771 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Indy Metro Ne
Listing Agent's Description
WOW! WELCOME TO THIS UPDATED BROAD RIPPLE STUNNER WITH FABULOUS BACKYARD AND WALKABILITY! KITCHEN/BATH REMODELED 2018, ELECTRICAL UPDATED 2018 (200 AMP), NEW SUMP 2017 AND UPDATED WINDOWS! UPSTAIRS HAS 3RD BED PLUS AMAZING FLEX SPACE - ROOM FOR HOME OFFICE WITH HALF BATH AND CLOSETS GALORE. ORIGINAL HARDWOODS THROUGHOUT. KITCHEN BOASTS FULL UPDATE INCLUDING SS APPLIANCES AND LARGE EAT IN AREA. BASEMENT OFFERS TONS OF FLEX SPACE FOR ADDITIONAL HOME OFFICE, PLAYROOM, REC ROOM, ETC. THIS BACKYARD WILL WOW YOUR MOST DISCERNING BUYERS -SO MUCH ROOM AND BEAUTIFUL LANDSCAPING IN SUMMER. GARAGE IS ATTACHED AND THERE'S A STORAGE SHED IN BACKYARD. DON'T MISS THIS RARE GEM!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Broad Ripple Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Broad Ripple Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$428 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$144 | |
|
CASH FLOW
$82
|
||
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.
$239,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
4.33
YEARS SAVED
$12,197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,691
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
2013 East 65th Street Indianapolis, IN 2
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1949
- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
5931 Primrose Avenue Indianapolis, IN 1
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1932 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1932
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
6035 Ralston Avenue Indianapolis, IN 3
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1941
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,650
- $0.98
PROPERTY LISTING DETAILS
1.317.815.4450
Keller Williams Indy Metro Ne
