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2133 Windy Hill Court Indianapolis, IN 46239

4 Beds 3 Baths 2,091 sqft Built 1996

$209,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $100.38
  • 2 Days on Market
  • MLS # : 21768371
  • Updated Date : 03/07/2021 at 00:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,091 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Modglin Group

Listing Agent's Description

Looking for more room? LOOK NO MORE, you have found THE ONE. This property has so much to offer. Including a beautiful updated kitchen, with granite countertops and subway tile backsplash.HUGE open concept kitchen/dining and living room with separate family room. 4 nice sized bedrooms and 2 and a half baths. This house has been meticuously maintained and has only had 2 owners. Also, check out THAT BACKYARD that is just shy of 1/2 an acre! Features plenty of space for kids, dogs, or just some extra space to enjoy your 12 X 14 covered patio AND wrap around deck. Biggest lot in neighborhood! Come and see all this house has to offer today. It won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Raymond Park

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180kPrice in $104k183k

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

Neighborhood: Raymond Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211270

* 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
Lowell Elementary School Primary Regular 581 26 4
Raymond Park Middle School Middle Regular 624 31 3
Warren Central High School High Regular 3,602 147 2

Lowell Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 26
4
GreatSchools Rating

Raymond Park Middle School

  • Education Level: Middle
  • # of students: 624
  • # of teachers: 31
3
GreatSchools Rating

Warren Central High School

  • Education Level: High
  • # of students: 3,602
  • # of teachers: 147
2
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$729
Property Tax -$367
Property Insurance -$67
HOA -$15
Property Management Fees -$128
CASH FLOW
$114

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.

$209,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.6%
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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$11,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3953$1,4204$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 2133 Windy Hill Court Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.68
    •  
  • 7910 Fox Glen Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2016
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.72
    •  
  • 2331 Salem Park Court Indianapolis, IN 2
    • 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2002
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 1903 Windy Hill Lane Indianapolis, IN 4
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2000
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 7811 Blue Willow Indianapolis, IN 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1995
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Mary Ahaus
The Modglin Group
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768371
Last Updated: 03/07/2021
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