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3187 Bristlecone Court Whiteland, IN 46184

4 Beds 3 Baths 2,390 sqft Built 2009

$219,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $92.01
  • 4 Days on Market
  • MLS # : 21758886
  • Updated Date : 12/31/2020 at 14:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,390 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Scheetz

Listing Agent's Description

This large 4 BR 2 and a half bath home delivers on location AND space. The custom fence offers plenty of privacy while still enjoying the life of cul de sac living. 9 ft ceilings throughout the main floor compliment the open concept main floor. 4 upstairs bedrooms AND loft offer multiple options for either extra living, office, workout space, etc. The neighborhood also includes multiple parks easy to walk to, and is just a few minutes from all the shopping and entertainment in Greenwood. Furnace is 5 years old, AC is 3 years old, Water heater and softener are both less than 2 years old, Roof is new this year! (2020), last, the Ring doorbell is included.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greenwood

ZipNIR Market*CityMarket2010Year20002019100k105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $99k168k

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

Neighborhood: Greenwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21000105011001150120012501300135014001450150015501600Rent in $9991604

* 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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$811
Property Tax -$301
Property Insurance -$73
HOA -$28
Property Management Fees -$136
CASH FLOW
$161

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.

$219,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3703$1,3954$1,4005$1,510
$1,510
RENT COMPS ANALYSIS
  • 3187 Bristlecone Court Whiteland, IN 5
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.63
    •  
  • 543 Jack Pine Drive Whiteland, IN 1
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2010
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.59
    •  
  • 161 Winterwood Drive Greenwood, IN 2
    • 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 1999
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.62
    •  
  • 827 Bough Street Whiteland, IN 3
    • 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2006
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.66
    •  
  • 3234 Hurst Street Whiteland, IN 4
    • 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
    •  
PROPERTY LISTING DETAILS
Nathan Inskeep
Century 21 Scheetz
BESbswy