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2596 Ashton Lane Greenwood, IN 46143

3 Beds 3 Baths 2,137 sqft Built 2013

$239,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $112.26
  • 3 Days on Market
  • MLS # : 21760439
  • Updated Date : 01/29/2021 at 13:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,137 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sweetwater Realty Llc

Listing Agent's Description

Come take a look at this Lovely 2 story home w/ the 3 BDRM’s & large loft area. Master bedroom boast of two walking closets. Vaulted ceiling‘s & ceiling fan, extra shelf length of MBR. Large vanity and spacious soaking tub and stand alone shower. Large kitchen with plenty storage & cabinetry.Open & spacious Kitchen, Dinning area & Great Room. Sliding Patio doors out to screened covered porch and concrete patio. Main floor Laundry RM, Large spacious Foyer w/ Office/Den w/wood & glass French Doors. All Bed RMs on 2nd floor. Hugh Loft area for...(game room, exercise, classroom, playroom, craft room) Full Bath, 3 nice size BDRM's, Must see to appreciate the details of this home. 2 Car Attached Garage, Covered Front Porch,

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: 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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$833
Property Tax -$321
Property Insurance -$68
HOA -$25
Property Management Fees -$141
CASH FLOW
$181

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.

$239,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.65%

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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$20,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3753$1,4354$1,4955$1,570
$1,570
RENT COMPS ANALYSIS
  • 2596 Ashton Lane Greenwood, IN 5
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.73
    •  
  • 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
    •  
  • 389 Springfield Circle Greenwood, IN 2
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.70
    •  
  • 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 4
    • 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
Beth Parris
Sweetwater Realty Llc
BESbswy