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4060 Waterfield Drive Indianapolis, IN 46235

4 Beds 3 Baths 1,795 sqft Built 1998

INVESTimate

$167,900

List Price

$1,310

$1,179 - $1,441

Rent Est.

$50,244

Investment Est.

$177,000 ( +5.42%) 1 YR EST. FORECAST

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1 YEAR
Gross Yield	9.36%
NOI	$7,905

15 YEAR
Yield	8.48%
Appreciation	3.46%
TOTAL RETURN	22.04%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

August 24, 2020 RECENTLY ADDED

FACTS

Built In 1998
Price/Sqft : $93.54
3 Days on Market
MLS # : 21734672
Updated Date : 08/25/2020 at 09:31

CONSTRUCTION

Beds : 4
Floor Size : 1,795 sqft
Baths : 2 full , 1 half

Listing Agent

Carpenter, Realtors®

Listing Agent's Description

4 Bedrooms 2.5 bathrooms located in Lawrence Township. Freshly painted, nice size family room w/ electric fireplace, Master bedroom w/ balcony and master bathroom all bedrooms upstairs. Nice size fenced in backyard with good size deck for entertaining. This home just needs your finishing touch and some TLC.

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3996 Waterfield Dr

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)

Neighborhood: Far East Side

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

Neighborhood: Far East Side

* 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
Winding Ridge Elementary School Of Inquiry And Performing Arts (east Side)	Primary	Regular	617	33	3
Fall Creek Valley Middle School	Middle	Regular	1,159	57	3
Lawrence North High School	High	Regular	2,293	109	5

Winding Ridge Elementary School Of Inquiry And Performing Arts (east Side)

Education Level: Primary
# of students: 617
# of teachers: 33

GreatSchools Rating

Fall Creek Valley Middle School

Education Level: Middle
# of students: 1,159
# of teachers: 57

GreatSchools Rating

Lawrence North High School

Education Level: High
# of students: 2,293
# of teachers: 109

GreatSchools Rating

FINANCIALS

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$151,110$184,69000$167,900

PURCHASE PRICE

$1,179$1,44100$1,310

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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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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,310
EXPENSES	Loan Payment	-$619
	Property Tax	-$262
	Property Insurance	-$62
	HOA	-$23
	Property Management Fees	-$118



CASH FLOW $226

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.

$167,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	5.42%
Maintenance Year (1-5)	8.00%
Vacancy	8.45%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$50,244

Down Payment	$41,975
Rehab Estimate	$5,750
Closing Costs	$2,519

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$619

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$41,975
Loan Amount	$125,925

See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$25,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,310
LIST RENT
$0.73
LIST RENT PER SQFT

$1,257
COMP ESTIMATED VALUE
$0.7
COMP AVG. RENT PER SQFT

Comps Range

$1,175

1$1,1752$1,3103$1,3454$1,3755$1,395

$1,395

RENT COMPS ANALYSIS

1,795
PROPERTY SQFT
$0.7
AVG RENT PER SQFT
$1,257
ESTIMATED VALUE
$1,310
LIST RENT

4060 Waterfield Drive Indianapolis, 5

4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1998
Price

Price Per SQFT

$167,900

$93.54
4451 North Mitthoefer Road Indianapolis, 1

3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1977
SOLD 07/13/20
Price

Price Per SQFT

$139,000

$81.00
11240 Cuyahoga Drive Indianapolis, 2

3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2007
SOLD 03/13/20
Price

Price Per SQFT

$142,000

$85.54
10449 Apple Creek Way Indianapolis, 3

3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2007
SOLD 05/07/20
Price

Price Per SQFT

$154,000

$79.22
5111 Avian Lane Indianapolis, 4

3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1998
SOLD 07/15/20
Price

Price Per SQFT

$159,000

$84.89

4060 Waterfield Drive Indianapolis, 2

4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1998
Rent

Rent Per SQFT

$1,310

$0.73
11045 Waterfield Lane Indianapolis, 1

3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2001
LEASED 03/11/20
Rent

Rent Per SQFT

$1,175

$0.72
11125 Steelewater Court Indianapolis, 3

3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2002
LEASED 01/02/20
Rent

Rent Per SQFT

$1,345

$0.68
10827 Sterling Apple Drive Indianapolis, 4

3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2002
LEASED 07/17/20
Rent

Rent Per SQFT

$1,375

$0.69
11027 Leo Drive Indianapolis, 5

3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1998
LEASED 08/06/20
Rent

Rent Per SQFT

$1,395

$0.71

PROPERTY LISTING DETAILS

Shelly Jett
Carpenter, Realtors®

4060 Waterfield Drive Indianapolis, IN 46235

INVESTimate

$167,900

$1,310

$50,244

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Winding Ridge Elementary School Of Inquiry And Performing Arts (east Side)

Fall Creek Valley Middle School

Lawrence North High School

FINANCIALS

$151,110$184,69000$167,900

$1,179$1,44100$1,310

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$167,900

$1,310

0.78%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$619

9.08

$25,348

$167,900

$93.54

$148,379

$82.66

COMPS RANGE

PRICE COMPS ANALYSIS

$1,310

$0.73

$1,257

$0.7

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS