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3451 Aylesford Lane Indianapolis, IN 46228

3 Beds 3 Baths 2,196 sqft Built 2008

$195,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

$57,425

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.0%
Cash Flow	$1,680
Value Increase	$9,194

10 YEAR

Cash On Cash	-0.5%
Total Return	10.1%

PROPERTY INFO

November 20, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2008
Price/Sqft : $88.80
4 Days on Market
MLS # : 21752888
Updated Date : 11/19/2020 at 11:04

CONSTRUCTION

Beds : 3
Floor Size : 2,196 sqft
Baths : 2 full , 1 half

Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

3 Bdrm/2.5 Bath in Cheswick Place Features an Open Floor Plan with Natural Light From Every Room. Spacious Kitchen Offers Eat-in Area, Plenty of Cabinet Space & Overlooks Family Room - Great for Entertaining! Secluded Office on Main Level with Bifold Doors. Large Family Room Leads out to Main Level Deck with Partial Fence for Privacy. Bonus Room (Could Be Used as 4th Bdrm) and Loft Upstairs Allows Additional Living Space. Master Bdrm Offers Double Sinks, Garden Tub and Large Walk-in Closet. Minimal Exterior Maintenance Required and Conveniently Located to 65 - 10 minutes to Downtown and 15 minute to Airport.

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)
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)

Neighborhood: Snacks - Guion Creek

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

Neighborhood: Snacks - Guion Creek

* 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

GreatSchools Rating

FINANCIALS

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$175,500$214,50000$195,000

PURCHASE PRICE

$1,242$1,51800$1,380

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,380
EXPENSES	Loan Payment	-$719
	Property Tax	-$306
	Property Insurance	-$69
	HOA	-$21
	Property Management Fees	-$124



CASH FLOW $140

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.

$195,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.92%
Appreciation Year (1-5)	4.6%
Maintenance Year (1-5)	8.00%
Vacancy	7.73%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$57,425

Down Payment	$48,750
Rehab Estimate	$5,750
Closing Costs	$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$48,750
Loan Amount	$146,250

See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$17,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,380
LIST RENT
$0.63
LIST RENT PER SQFT

$1,460
COMP ESTIMATED VALUE
$0.67
COMP AVG. RENT PER SQFT

Comps Range

$1,380

1$1,3802$1,3853$1,4354$1,4455$1,595

$1,595

RENT COMPS ANALYSIS

2,196
PROPERTY SQFT
$0.67
AVG RENT PER SQFT
$1,460
ESTIMATED VALUE
$1,380
LIST RENT

3451 Aylesford Lane Indianapolis, IN 2

3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008
Price

Price Per SQFT

$195,000

$88.80
3505 Bodelva Lane Indianapolis, IN 1

3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2013
SOLD 09/03/20
Price

Price Per SQFT

$179,000

$88.97
3938 Beaconsfield Lane Indianapolis, IN 3

4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2009
SOLD 06/16/20
Price

Price Per SQFT

$205,000

$84.15
3417 Shepperton Boulevard Indianapolis, IN 4

3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2011
SOLD 10/30/20
Price

Price Per SQFT

$215,000

$88.11
3736 West 46th Street Indianapolis, IN 5

3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2000
SOLD 11/17/20
Price

Price Per SQFT

$224,900

$108.54

3451 Aylesford Lane Indianapolis, IN 1

3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008
Rent

Rent Per SQFT

$1,380

$0.63
4107 Robertson Court Indianapolis, IN 2

3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2003
LEASED 09/05/19
Rent

Rent Per SQFT

$1,385

$0.68
3501 Aylesford Lane Indianapolis, IN 3

3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2010
LEASED 12/10/19
Rent

Rent Per SQFT

$1,435

$0.65
3409 Aylesford Lane Indianapolis, IN 4

3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2009
LEASED 08/07/19
Rent

Rent Per SQFT

$1,445

$0.63
3427 Aylesford Lane Indianapolis, IN 5

3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
LEASED 09/05/20
Rent

Rent Per SQFT

$1,595

$0.70

PROPERTY LISTING DETAILS

Kelsey Childers
Keller Williams Indpls Metro N

3451 Aylesford Lane Indianapolis, IN 46228

$195,000

$1,380

$57,425

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Pike High School

FINANCIALS

$175,500$214,50000$195,000

$1,242$1,51800$1,380

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$195,000

$1,380

0.71%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$719

6.33

$17,195

$195,000

$88.8

$203,004

$92.44

COMPS RANGE

PRICE COMPS ANALYSIS

$1,380

$0.63

$1,460

$0.67

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS