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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $88.02
- 2 Days on Market
- MLS # : 21770785
- Updated Date : 03/13/2021 at 09:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Scheetz
Listing Agent's Description
If open concept is what you are looking for....this is it! This 4 bedroom, 2.5 bath house located in the ever desirable Franklin Township is ready for you! Kitchen and Living room is completely open and ready for entertaining! Head upstairs to the loft and oversized bedrooms with walk in closets. Furnace was just replaced in 2021, Water heater new in 2020, AC in 2019, patio in 2018, and new carpet in 2017. There is storage and space galore in this house and especially in the kitchen! The fully privacy fenced backyard was recently repaired and allows maximum privacy!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Five Points
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Five Points
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$712 |
| Property Tax | -$320 | |
| Property Insurance | -$72 | |
| HOA | -$21 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
$195
|
||
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.
$204,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.45% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,049
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,225 |
| Loan Amount | $153,675 |
7.08
YEARS SAVED
$18,267
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,490
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
3229 Black Forest Lane Indianapolis, IN 4
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.62
-
7731 Brandenburg Way Indianapolis, IN 1
- 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2005
![property image]()
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,295
- $0.64
-
2883 Beethoven Avenue Indianapolis, IN 2
- 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2008
![property image]()
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,350
- $0.57
-
7915 Caraway Place Indianapolis, IN 3
- 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2004
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,395
- $0.67
-
3052 Danube Way Indianapolis, IN 5
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,595
- $0.68
PROPERTY LISTING DETAILS
1.317.965.0740
Century 21 Scheetz
MLS #: 21770785
Last Updated: 03/13/2021
