Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $88.19
- 3 Days on Market
- MLS # : 21760884
- Updated Date : 01/16/2021 at 17:28
CONSTRUCTION
- Beds : 3
- Floor Size : 906 sqft
- Baths : 1 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Nice 3BR w/full bath w/1 car attached garage. Home has a old school wood burning fireplace ready for the winter. Newly renovated bathroom, kitchen cabinetry and countertops. New flooring throughout home and new garage door. Large fenced in side yard w/concrete pad. Home is in MOVE-In ready condition and would be great for a 1st time home owner or rental property investor. Home is easy to show and available now!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: East Side
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Side
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $710 |
| EXPENSES | Loan Payment | -$278 |
| Property Tax | -$153 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$64 | |
|
CASH FLOW
$171
|
||
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.
$79,900
PROJECTED PRICE
$710
PROJECTED RENT
0.89%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.45% |
| 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
$26,924
LOAN DETAILS
$278
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $19,975 |
| Loan Amount | $59,925 |
12
YEARS SAVED
$15,282
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$710
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$770
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2402 North Sheridan Avenue Indianapolis, IN 2
- 3 beds 1 baths ∙ 906 Sqft ∙ Built 1949 3 beds 1 baths ∙ 906 Sqft ∙ Built 1949
![property image]()
- Rent
- Rent Per SQFT
- $710
- $0.78
-
2260 Barnor Drive Indianapolis, IN 1
- 3 beds 1 baths ∙ 816 Sqft ∙ Built 1949 3 beds 1 baths ∙ 816 Sqft ∙ Built 1949
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $625
- $0.77
-
3070 North Layman Avenue Indianapolis, IN 3
- 3 beds 1 baths ∙ 916 Sqft ∙ Built 1937 3 beds 1 baths ∙ 916 Sqft ∙ Built 1937
![property image]()
LEASED 12/28/19- Rent
- Rent Per SQFT
- $750
- $0.82
-
5665 East 20th Street Indianapolis, IN 4
- 3 beds 2 baths ∙ 918 Sqft ∙ Built 1950 3 beds 2 baths ∙ 918 Sqft ∙ Built 1950
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $825
- $0.90
-
2295 North Irwin Street Indianapolis, IN 5
- 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1950
![property image]()
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,000
- $0.91
PROPERTY LISTING DETAILS
Exp Realty, Llc
