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

2472 Sickle Road Indianapolis, IN 46219

3 Beds 1 Baths 1,073 sqft Built 1959

$87,000

List Price

$970

$873 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $81.08
  • 3 Days on Market
  • MLS # : 21769511
  • Updated Date : 03/06/2021 at 10:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,073 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

Three Bedroom all Brick Ranch in quite Eastwood neighborhood. Large kitchen & Dining Room combo. Nice size three bedrooms. New flooring, roof and new water heater in 2019. Close to dining & shopping on Indy's east side. Perfect starter home or investment property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $81k168k

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

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7461268

* 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
Arlington Middle School Middle Unknown NA
Arlington Middle School Middle Unknown NA

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$78,300$95,700$87,000

PURCHASE PRICE

$873$1,067$970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $970
EXPENSES Loan Payment -$302
Property Tax -$166
Property Insurance -$48
Property Management Fees -$87
CASH FLOW
$366

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.

$87,000

PROJECTED PRICE

$970

PROJECTED RENT

1.11%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.4%
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$50k$100k$150k$200k$250k$300k$350k$400k$450k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$28,805

INVESTMENT

$28,805

Down Payment
$21,750
Rehab Estimate
$5,750
Closing Costs
$1,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $21,750
Loan Amount $65,250
See What Happens When You Reinvest Cash Flow

17.67

YEARS SAVED

$26,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $970

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $963

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$9003$9004$9705$1,100
$1,100
RENT COMPS ANALYSIS
  • 2472 Sickle Road Indianapolis, IN 4
    • 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $970
    • $0.90
    •  
  • 7911 Souter Drive Indianapolis, IN 1
    • 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1959
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.79
    •  
  • 8238 East Wysong Drive Indianapolis, IN 2
    • 3 beds 1 baths ∙ 957 Sqft ∙ Built 1960 3 beds 1 baths ∙ 957 Sqft ∙ Built 1960
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.94
    •  
  • 2644 Ebbie Road Indianapolis, IN 3
    • 3 beds 1 baths ∙ 957 Sqft ∙ Built 1959 3 beds 1 baths ∙ 957 Sqft ∙ Built 1959
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.94
    •  
  • 8237 East Laughlin Drive Indianapolis, IN 5
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1960
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Derek Gutting
1.317.846.4888
Keller Williams Indpls Metro N
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769511
Last Updated: 03/06/2021
BESbswy