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4011 Village Trace Boulevard Indianapolis, IN 46254

3 Beds 3 Baths 1,606 sqft Built 2000

$169,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $105.79
  • 4 Days on Market
  • MLS # : 21769423
  • Updated Date : 03/06/2021 at 13:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate Indpls

Listing Agent's Description

You won't want to miss this beautifully kept home in Eagle Trace. Many updates throughout. 3 bedrooms, 2.5 baths. New laminate flooring in entry and living room. Great eat-in kitchen includes appliances, eat at bar, pantry closet and tile flooring. New French doors lead outside to your brick patio! The master bedroom is huge and features an contemporary tile bath with a double shower heads and a walk in closet! The laundry is conveniently located on the second floor. One additional walk-in closet in the second bedroom. Updated lighting throughout. Great extras storage closet created under the stairs! Landscaping has also been recently done so the exterior of this home shows beautifully! Available for showing on Friday, March 5.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211282

* 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
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$590
Property Tax -$266
Property Insurance -$58
HOA -$23
Property Management Fees -$119
CASH FLOW
$264

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.

$169,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$27,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,313

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,2003$1,2954$1,3205$1,475
$1,475
RENT COMPS ANALYSIS
  • 4011 Village Trace Boulevard Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.82
    •  
  • 3729 Brussels Terrace Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1987
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.75
    •  
  • 4361 Village Trace Court Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2000
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 3710 West 43rd Terrace Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1988
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 3707 Antwerp Terrace Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1990
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
PROPERTY LISTING DETAILS
Katie Pierson-colden
United Real Estate Indpls
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769423
Last Updated: 03/06/2021
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