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4007 Eisenhower Drive Indianapolis, IN 46254

3 Beds 2 Baths 1,617 sqft Built 1962

$157,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $97.65
  • 3 Days on Market
  • MLS # : 21769686
  • Updated Date : 03/06/2021 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,617 sqft
  • Baths : 1 full , 1 half
Listing Agent

David Hunter

Listing Agent's Description

Completely remodeled home inside and out. This spacious 3 bdrm ranch has newer dimensional roof, windows , flooring. Plus an all new kitchen and updated baths. Close to 465 access, and shopping. Listings in the area are going fast so come see this house soon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gateway West

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160kPrice in $70k168k

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

Neighborhood: Gateway West

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7401268

* 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
Northwest Community Junior Senior High School Middle Regular 367 33 NA

Northwest Community Junior Senior High School

  • Education Level: Middle
  • # of students: 367
  • # of teachers: 33
NA
GreatSchools Rating
 

$142,110$173,690$157,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$548
Property Tax -$299
Property Insurance -$58
Property Management Fees -$102
CASH FLOW
$122

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.

$157,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,594

INVESTMENT

$47,594

Down Payment
$39,475
Rehab Estimate
$5,750
Closing Costs
$2,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$548

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,475
Loan Amount $118,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$10,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,229

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0453$1,1304$1,275
$1,275
RENT COMPS ANALYSIS
  • 4007 Eisenhower Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.70
    •  
  • 3594 Christopher Lane Indianapolis, IN 1
    • 4 beds 1 baths ∙ 1,365 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,365 Sqft ∙ Built 1960
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.70
    •  
  • 3532 North Clark Road Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1962
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.82
    •  
  • 5426 West 35th Street Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
    property image
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.76
    •  
PROPERTY LISTING DETAILS
David B. Hunter
David Hunter
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769686
Last Updated: 03/06/2021
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