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3346 Crestwell Drive Indianapolis, IN 46268

3 Beds 3 Baths 1,924 sqft Built 1999

$219,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $113.83
  • 2 Days on Market
  • MLS # : 21764924
  • Updated Date : 02/27/2021 at 17:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 full , 1 half
Listing Agent

Honor Realty Llc

Listing Agent's Description

BEAUTIFUL 3 BED/2.5 BATH HOME IN PIKE TOWNSHIP! TWO STORY ENTRANCE OPENS TO THE LARGE LOFT. FEATURES OPEN KITCHEN & SEPARATE FORMAL DINING ROOM. DRAMATIC VAULTED CEILING IN MAIN BEDROOM SUITE WITH FULL BATH, DOUBLE SINKS AND ADJOINING WALK IN CLOSET. FRESH PAINT THROUGHOUT AND HVAC SYSTEM IS LESS THAN 5 YEARS OLD. ENJOY THE LARGE OUTDOOR PATIO OVERLOOKING THE POND FOR EASY ENTERTAINING! GREAT LOCATION: CLOSE TO EAGLE CREEK, SHOPPING, RESTAURANTS AND THE INTERSTATE. READY FOR YOU TO CALL HOME!

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PRICE & RENT TRENDS

Neighborhood: Augusta-New Augusta

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170kPrice in $87k172k

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

Neighborhood: Augusta-New Augusta

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2800850900950100010501100115012001250130013501400Rent in $7941433

* 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
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$761
Property Tax -$343
Property Insurance -$64
HOA -$20
Property Management Fees -$132
CASH FLOW
$149

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.

$219,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,4954$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 3346 Crestwell Drive Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.76
    •  
  • 2913 Briarchase Court Indianapolis, IN 1
    • 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 1995
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 2804 West 75th Street Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 2807 Marley Court Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
  • 2820 Coopersmith Court Indianapolis, IN 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1995
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jodi Gandy
Honor Realty Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21764924
Last Updated: 02/27/2021
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