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404 Amberleaf Trail E Westfield, IN 46074

3 Beds 2 Baths 1,878 sqft Built 1991

$249,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

$71,974

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.8%
Cash Flow	$2,232
Value Increase	$10,737

10 YEAR

Cash On Cash	-0.2%
Total Return	10.3%

PROPERTY INFO

February 04, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1991
Price/Sqft : $133.07
4 Days on Market
MLS # : 21764112
Updated Date : 02/05/2021 at 11:44

CONSTRUCTION

Beds : 3
Floor Size : 1,878 sqft
Baths : 2 full

Listing Agent

Century 21 Scheetz

Listing Agent's Description

You are cordially invited to come see this charming, immaculately cared for, 3 bedroom, 2 bath ranch home on a quiet, private little cul-de-sac and within walking distance of Midland Trace Trail. It's smoke free and pet free. There is also NO HOA and therefore no HOA fees! Recent updates include brand new vinyl plank flooring and security light, year old garbage disposal, 3-4 year old dishwasher and refrigerator, 7-8 year old 50 year dimensional shingles and gutter shutter gutters. The windows were replaced in 2009. The fireplace/chimney has been cleaned and inspected prior to listing. The HVAC system was replaced in 2009 and is checked and serviced annually. The room sizes are very generous. Plenty of privacy behind the home. Don't wait!

1 of 39 X

MARKET HIGHLIGHTS

Indianapolis Market Report

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)
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)

Zip Code: 46074

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

Zip Code: 46074

* 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
Monon Trail Elementary School	Primary	Regular	294	15	6
Westfield Middle School	Middle	Regular	1,042	48	7
Westfield High School	High	Regular	1,934	95	8

Monon Trail Elementary School

Education Level: Primary
# of students: 294
# of teachers: 15

GreatSchools Rating

Westfield Middle School

Education Level: Middle
# of students: 1,042
# of teachers: 48

GreatSchools Rating

Westfield High School

Education Level: High
# of students: 1,934
# of teachers: 95

GreatSchools Rating

FINANCIALS

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$224,910$274,89000$249,900

PURCHASE PRICE

$1,485$1,81500$1,650

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,650
EXPENSES	Loan Payment	-$868
	Property Tax	-$384
	Property Insurance	-$63
	Property Management Fees	-$149




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.

$249,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	4.2%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$71,974

Down Payment	$62,475
Rehab Estimate	$5,750
Closing Costs	$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$62,475
Loan Amount	$187,425

See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$19,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,650
LIST RENT
$0.88
LIST RENT PER SQFT

$1,715
COMP ESTIMATED VALUE
$0.91
COMP AVG. RENT PER SQFT

Comps Range

$1,595

1$1,5952$1,6503$1,7004$1,700

$1,700

RENT COMPS ANALYSIS

1,878
PROPERTY SQFT
$0.91
AVG RENT PER SQFT
$1,715
ESTIMATED VALUE
$1,650
LIST RENT

404 Amberleaf Trail E Westfield, IN 2

3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1991
Price

Price Per SQFT

$249,900

$133.07
1964 Tourmaline Drive Westfield, IN 1

3 beds 3 baths ∙ 1,756 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 2001
SOLD 11/09/20
Price

Price Per SQFT

$231,000

$131.55
509 Amberleaf Trail Westfield, IN 3

3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991
SOLD 09/14/20
Price

Price Per SQFT

$254,900

$127.45
17113 Rushmore Drive Westfield, IN 4

3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1996
SOLD 11/13/20
Price

Price Per SQFT

$255,000

$129.18
525 Amberleaf Trail Westfield, IN 5

3 beds 3 baths ∙ 1,990 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 1991
SOLD 11/15/20
Price

Price Per SQFT

$270,500

$135.93

404 Amberleaf Trail E Westfield, IN 2

3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1991
Rent

Rent Per SQFT

$1,650

$0.88
17257 Shadoan Way Westfield, IN 1

3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999
LEASED 02/14/20
Rent

Rent Per SQFT

$1,595

$0.94
17219 Futch Way Westfield, IN 3

3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1999
LEASED 10/17/20
Rent

Rent Per SQFT

$1,700

$0.91
1934 Harvest Meadows Drive S Westfield, IN 4

4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1996
LEASED 11/28/20
Rent

Rent Per SQFT

$1,700

$0.89

PROPERTY LISTING DETAILS

Bradford Elliott
Century 21 Scheetz

404 Amberleaf Trail E Westfield, IN 46074

$249,900

$1,650

$71,974

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Monon Trail Elementary School

Westfield Middle School

Westfield High School

FINANCIALS

$224,910$274,89000$249,900

$1,485$1,81500$1,650

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$249,900

$1,650

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$868

6.5

$19,556

$249,900

$133.07

$246,070

$131.03

COMPS RANGE

PRICE COMPS ANALYSIS

$1,650

$0.88

$1,715

$0.91

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS