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2590 Longleaf Drive Greenwood, IN 46143

5 Beds 3 Baths 2,168 sqft Built 2001

$214,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $99.12
  • 4 Days on Market
  • MLS # : 21768153
  • Updated Date : 02/26/2021 at 11:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advanced Realty

Listing Agent's Description

WOW!! This 5 bedroom 2.5 bath home in Greenwood is a must see. The home features a open floor plan with large living room and wood burning fireplace. In addition to 5 bedrooms, there is a study perfect for a home office or those e-learning days. Don't miss the master suite with private bathroom and large walk-in closet. The deck and large backyard are perfect for entertaining or just relaxing after a long day. New roof in 2020 and HVAC in 2017. Conveniently located minutes away from Freedom Springs Water Park, shopping, dining and easy access to 31. This home is truly move in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenwood

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k222k

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

Neighborhood: Greenwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2105011001150120012501300135014001450150015501600Rent in $10401604

* 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
Pleasant Crossing Elementary School Primary Regular 712 36 5
Clark Pleasant Middle School Middle Regular 988 46 8
Whiteland Community High School High Regular 1,767 69 6

Pleasant Crossing Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 36
5
GreatSchools Rating

Clark Pleasant Middle School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 46
8
GreatSchools Rating

Whiteland Community High School

  • Education Level: High
  • # of students: 1,767
  • # of teachers: 69
6
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$746
Property Tax -$288
Property Insurance -$69
HOA -$19
Property Management Fees -$130
CASH FLOW
$188

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.

$214,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.3%
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$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$20,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,382

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,4354$1,4405$1,495
$1,495
RENT COMPS ANALYSIS
  • 2590 Longleaf Drive Greenwood, IN 4
    • 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.66
    •  
  • 1820 Long Lake Drive Greenwood, IN 1
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2000
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.66
    •  
  • 3234 Hurst Street Whiteland, IN 2
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.59
    •  
  • 895 Grandiflora Drive Greenwood, IN 3
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2013
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.67
    •  
  • 2966 Weald Street Whiteland, IN 5
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.63
    •  
PROPERTY LISTING DETAILS
Jason Kraus
Re/max Advanced Realty
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768153
Last Updated: 02/26/2021
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