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4070 Ash Lawn Road Indianapolis, IN 46234

3 Beds 3 Baths 2,136 sqft Built 2003

$223,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $104.40
  • 6 Days on Market
  • MLS # : 21749512
  • Updated Date : 11/02/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Ability Plus

Listing Agent's Description

Beautiful 2003 Beazer built one owner home located in Brownsburg schools. This 3 bedroom, 2.5 bath with vaulted ceilings has porcelain flooring throughout the downstairs and brand new carpet upstairs. Gorgeous bonus room upstairs overlooking the great room below. Large entry looking right at the fireplace making it the center piece of the home. The home sits on a corner lot and has a fully fenced in backyard. The roof is 2 months old. Stainless steel appliances make up the open kitchen and dining combo. Great location close to Clermont, Speedway, I-465, shopping, work and play. Come check out this one before it's too late.

SEE MORE

  • 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)

PRICE & RENT TRENDS

Zip Code: 46234

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Zip Code: 46234

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
Eagle Elementary School Primary Regular 631 34 10
Brownsburg High School High Regular 2,442 125 9

Eagle Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 34
10
GreatSchools Rating

Brownsburg High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 125
9
GreatSchools Rating
 

$200,700$245,300$223,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$823
Property Tax -$303
Property Insurance -$68
HOA -$30
Property Management Fees -$132
CASH FLOW
$113

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.

$223,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,845

INVESTMENT

$64,845

Down Payment
$55,750
Rehab Estimate
$5,750
Closing Costs
$3,345

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,750
Loan Amount $167,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,4954$1,5005$1,695
$1,695
RENT COMPS ANALYSIS
  • 4070 Ash Lawn Road Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.69
    •  
  • 10858 Ravelle Road Indianapolis, IN 2
    • 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2003
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 10875 Cannonade Court Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1999
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 10896 Riverwood Boulevard Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2003
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 460 Brookview Drive Brownsburg, IN 5
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2002
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Bradford J. Rider
1.314.524.0442
Re/max Ability Plus
BESbswy