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2014 Dutch Elm Drive Indianapolis, IN 46231

3 Beds 3 Baths 1,508 sqft Built 2002

$180,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $119.36
  • 2 Days on Market
  • MLS # : 21771185
  • Updated Date : 03/13/2021 at 02:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full , 1 half
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

Check out this Beautiful 3 Bedroom 2.5 Bath 2 Story Home in Cameron Meadows!! This gorgeous home has so much to offer; As you Walk in you will Notice the Spacious Living Room with a Corner Fireplace to Enjoy Warm Cozy Winter Days, Weatherproof Laminate Flooring Throughout, Open Concept Eat-In Kitchen with Granite Countertops and Stainless Steel Appliances. Enjoy all your Outdoor Activities to the Fullest in this Big Private Back Yard and Nice Patio Great for Entertainment. Upgrades Include: New Water Heater, Freshly Painted & New Flooring. Conveniently located close to shopping, schools and highway. Don't Miss Out!

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
 

$162,000$198,000$180,000

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 -$625
Property Tax -$335
Property Insurance -$56
HOA -$22
Property Management Fees -$116
CASH FLOW
$136

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.

$180,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.72%

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$11,665

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
  • $0.86

    LIST RENT PER SQFT
  • $1,376

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,3004$1,3255$1,500
$1,500
RENT COMPS ANALYSIS
  • 2014 Dutch Elm Drive Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.86
    •  
  • 9223 Timpani Way Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 2003
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 9206 Blue Pine Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 8951 Poppy Lane Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2002
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.98
    •  
  • 1628 Composer Way Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2002
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Perla Palma Nunez
1.317.692.1998
Carpenter, Realtors®
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771185
Last Updated: 03/13/2021
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