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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $116.84
- 2 Days on Market
- MLS # : 21739910
- Updated Date : 11/02/2020 at 10:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,669 sqft
- Baths : 2 full
Listing Agent
Keller Williams Indy Metro S
Listing Agent's Description
Welcome to this pristine ranch in Brownsburg! Walk in the front door to a spacious entryway that leads to the living room. Living room features a wood-burning fireplace and an open view into the kitchen. Head into the kitchen and notice the large breakfast bar/island, perfect for sipping your morning coffee. Home features a split view with 2 bedrooms with walk-in closets on one end, and the master on the other. The HUGE master bedroom is big enough to have a separate sitting/office area. Venture outside to a fenced-in backyard and a mini barn for extra storage. This home sits on a corner lot offering tons of room for kids or animals to run and play! With close access to schools and parks, this home is a perfect home for any family!
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
Zip Code: 46112
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46112
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$268 | |
| Property Insurance | -$59 | |
| HOA | -$15 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
$186
|
||
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
$1,370
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.9% |
| 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
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
7.58
YEARS SAVED
$22,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,394
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
4 Atherton Court Brownsburg, IN 2
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,370
- $0.82
-
225 Bent Stream Lane Brownsburg, IN 1
- 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2001
LEASED 02/16/20- Rent
- Rent Per SQFT
- $1,325
- $0.82
-
7 Daniel Circle Brownsburg, IN 3
- 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,425
- $0.75
-
1846 Quinn Creek Drive Brownsburg, IN 4
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2000
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,450
- $0.89
-
205 Harts Ford Way Brownsburg, IN 5
- 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2000
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,750
- $0.88
PROPERTY LISTING DETAILS
1.317.893.1622
Keller Williams Indy Metro S
