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PRICE & RENT TRENDS
Neighborhood: Venerable Flackville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Venerable Flackville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$552 |
| Property Tax | -$308 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$116 | |
|
CASH FLOW
$231
|
||
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.
$159,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 1.4% |
| 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
$47,885
LOAN DETAILS
$552
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $39,750 |
| Loan Amount | $119,250 |
9.17
YEARS SAVED
$20,810
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.45
LIST RENT PER SQFT
-
$1,463
COMP ESTIMATED VALUE -
$0.51
COMP AVG. RENT PER SQFT
Comps Range
-
3232 Bonham Drive Indianapolis, IN 2
- 4 beds 2 baths ∙ 2,868 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,868 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $1,290
- $0.45
-
3080 Meeting House Lane Indianapolis, IN 1
- 3 beds 2 baths ∙ 2,842 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,842 Sqft ∙ Built 1956
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,165
- $0.41
-
3220 Kessler Blvd North Drive Indianapolis, IN 3
- 3 beds 2 baths ∙ 2,864 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,864 Sqft ∙ Built 1954
LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,750
- $0.61
PROPERTY LISTING DETAILS
1.317.313.3996
Community Real Estate Services
MLS #: 21768391
Last Updated: 02/27/2021
