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3536 Sweetleaf Court Indianapolis, IN 46235

3 Beds 2 Baths 1,410 sqft Built 1998

$129,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $92.13
  • 3 Days on Market
  • MLS # : 21752869
  • Updated Date : 11/20/2020 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Amazing Value! Open Concept Ranch w/ Large Living Room - Including Breakfast Room & Dining Room. Master Suite w/ Double Sink Vanity & Walk-In Closet. Gorgeous Lot w/ Privacy Fence - Trampoline & Playset Stay w/ Future Owners if Wanted! Many Updates Including: New Flooring in Living Area, New Paint, New Deck & Much More!

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: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $81k168k

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

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7461268

* 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
Sunny Heights Elementary School Primary Regular 475 24 3
Stonybrook Middle School Middle Regular 627 36 3
Warren Central High School High Regular 3,602 147 2

Sunny Heights Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 24
3
GreatSchools Rating

Stonybrook Middle School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 36
3
GreatSchools Rating

Warren Central High School

  • Education Level: High
  • # of students: 3,602
  • # of teachers: 147
2
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$479
Property Tax -$227
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$240

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.

$129,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$26,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,0953$1,1004$1,2455$1,245
$1,245
RENT COMPS ANALYSIS
  • 3536 Sweetleaf Court Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 11403 Kristen Circle Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1997
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.79
    •  
  • 3510 North Bearwood Court Indianapolis, IN 2
    • 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 11043 Waterfield Place Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.79
    •  
  • 11029 Waterfield Lane Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1999
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.82
    •  
PROPERTY LISTING DETAILS
Emily Stewart
F.c. Tucker Company
BESbswy