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3125 Everbloom Way Indianapolis, IN 46217

3 Beds 3 Baths 1,657 sqft Built 2002

$175,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $105.61
  • 59 Days on Market
  • MLS # : 21752933
  • Updated Date : 01/31/2021 at 00:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,657 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

This spacious two stories homes has a very lovable living room. Three bedrooms upstairs and a small loft area as well. Kitchen and dining room combo is connected to the living room. Located right next to highway 37 and easy access to downtown and your other daily needs.

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: Southern Dunes

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Southern Dunes

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2850900950100010501100115012001250Rent in $8191270

* 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
Glenns Valley Elementary School Primary Regular 729 32 5
Perry Meridian 6th Grade Academy Middle Regular 569 36 6
Perry Meridian High School High Regular 2,256 110 6

Glenns Valley Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 32
5
GreatSchools Rating

Perry Meridian 6th Grade Academy

  • Education Level: Middle
  • # of students: 569
  • # of teachers: 36
6
GreatSchools Rating

Perry Meridian High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 110
6
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$608
Property Tax -$356
Property Insurance -$59
Property Management Fees -$113
CASH FLOW
$115

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.

$175,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$10,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,288

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,1953$1,2504$1,2955$1,450
$1,450
RENT COMPS ANALYSIS
  • 3125 Everbloom Way Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.75
    •  
  • 2435 Redland Lane Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2000
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.78
    •  
  • 6808 Waverhill Drive Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.77
    •  
  • 2423 Redland Lane Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2000
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 2926 Earlswood Lane Indianapolis, IN 5
    • 3 beds 5 baths ∙ 1,792 Sqft ∙ Built 2002 3 beds 5 baths ∙ 1,792 Sqft ∙ Built 2002
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
PROPERTY LISTING DETAILS
Van T. Ling
Keller Williams Indy Metro S
BESbswy