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2025 Lakeside Lane Indianapolis, IN 46229

3 Beds 2 Baths 1,686 sqft Built 1990

$225,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $133.45
  • 3 Days on Market
  • MLS # : 21768457
  • Updated Date : 02/26/2021 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full
Listing Agent

Caught Your Eye Realty Llc

Listing Agent's Description

Stunning home that has a brand new roof, brand new kitchen, brand new flooring and the mechanicals are less than 5 years old! Home sits on a corner lot with almost an half an acre of land. Has a split bedroom floor plan (owner's suite away from other bedrooms) for your enjoyment. Spacious fenced in backyard with a deck for entertainment. Home also comes with a home warranty for one year.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cumberland

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160kPrice in $79k168k

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

Neighborhood: Cumberland

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211278

* 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
Mount Comfort Elementary School Primary Regular 538 26 5
Mt. Vernon Middle School Middle Regular 842 51 6
Mt. Vernon High School High Regular 1,170 53 6

Mount Comfort Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 26
5
GreatSchools Rating

Mt. Vernon Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 51
6
GreatSchools Rating

Mt. Vernon High School

  • Education Level: High
  • # of students: 1,170
  • # of teachers: 53
6
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$782
Property Tax -$313
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$47

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.

$225,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$8,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3653$1,3754$1,4455$1,545
$1,545
RENT COMPS ANALYSIS
  • 2025 Lakeside Lane Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.78
    •  
  • 1850 Breman Lane Indianapolis, IN 2
    • 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1999
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.74
    •  
  • 2204 Valley Creek West Lane Indianapolis, IN 3
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1993
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 11332 Falls Church Drive Indianapolis, IN 4
    • 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 2008
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.87
    •  
  • 2219 Fairweather Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2003
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kiana Tanay Williams
1.317.771.1025
Caught Your Eye Realty Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768457
Last Updated: 02/26/2021
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