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3525 Aylesford Lane Indianapolis, IN 46228

4 Beds 3 Baths 1,618 sqft Built 2009

$180,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $111.25
  • 3 Days on Market
  • MLS # : 21763260
  • Updated Date : 01/29/2021 at 19:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,618 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Come check out this adorable neighborhood in Cheswick place and make this 4 bedroom, 2.5 bath home yours today. Nice corner lot with covered porch and private fenced in patio with 2 car attached garage. Spacious living room will be perfect for entertaining or just relaxing by the fireplace. You will enjoy the large loft that provides plenty of room to accommodate for a game/playroom, home office or workout area. Short distance to downtown entertainment, shopping and restaurants.

SEE MORE

  • 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)
  • 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)

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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$625
Property Tax -$287
Property Insurance -$58
HOA -$27
Property Management Fees -$129
CASH FLOW
$304

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.

$180,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.79%

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$12k$14k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$31,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2953$1,3454$1,4305$1,475
$1,475
RENT COMPS ANALYSIS
  • 3525 Aylesford Lane Indianapolis, IN 4
    • 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.88
    •  
  • 4361 Village Trace Court Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2000
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 4238 Sunshine Avenue Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2003
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 3704 Sofia Place Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1991
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.86
    •  
  • 3707 Antwerp Terrace Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1990
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
PROPERTY LISTING DETAILS
Molly Hadley
F.c. Tucker Company
BESbswy