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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $120.00
- 3 Days on Market
- MLS # : 21756582
- Updated Date : 12/11/2020 at 12:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,000 sqft
- Baths : 3 full
Listing Agent
Keller Williams Indy Metro W
- 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
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$388 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
$71
|
||
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.
$240,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
4.25
YEARS SAVED
$11,927
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,480
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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361 Wild Rose Lane Avon, IN 5
- 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,550
- $0.78
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6651 Wilmot Lane Avon, IN 1
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2008
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,395
- $0.81
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6887 Merritt Ridge Way Avon, IN 2
- 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,395
- $0.69
-
7228 Village Oaks Drive Avon, IN 3
- 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002
LEASED 10/02/19- Rent
- Rent Per SQFT
- $1,435
- $0.73
-
6886 Merritt Ridge Way Avon, IN 4
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2001
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,495
- $0.73
PROPERTY LISTING DETAILS
Keller Williams Indy Metro W
