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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Gateway West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gateway West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$47,594
LOAN DETAILS
$548
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $39,475 |
| Loan Amount | $118,425 |
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
-
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 Hunter
MLS #: 21769686
Last Updated: 03/06/2021
