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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.

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.

SEE MORE

  • 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)

PRICE & RENT TRENDS

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211282

* 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
 

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

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

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
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$57,425

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
Term
4.25%
Interest
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
  • 3451 Aylesford Lane Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2008
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
PROPERTY LISTING DETAILS
Kelsey Childers
Keller Williams Indpls Metro N
BESbswy