Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4109 Candy Apple Boulevard Indianapolis, IN 46235

3 Beds 3 Baths 1,440 sqft Built 2006

$149,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $104.10
  • 3 Days on Market
  • MLS # : 21767481
  • Updated Date : 02/20/2021 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Scheetz

Listing Agent's Description

Welcome to this beautiful home in Lawrence Township with a partial stone front exterior! A covered porch leads you inside to a large foyer area and a half bathroom. Freshly painted walls throughout entire house in a neutral color! Recently updated tile flooring on the main level. The spacious great room has a fireplace and windows for lots of natural lighting. Newer stainless steel appliances in the kitchen with a built in microhood. Laundry Room includes a washer and dryer. Separate breakfast area with sliding glass doors, has a view of the backyard. Newer carpet throughout upper level. Upstairs you will find a master bedroom with its own private bath , 2 more spacious bedrooms and a hall bath. Easy access to downtown, 465, & I-70.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $81k168k

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

Neighborhood: Far East Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7461268

* 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
Fall Creek Valley Middle School Middle Regular 1,159 57 3
Lawrence North High School High Regular 2,293 109 5

Fall Creek Valley Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 57
3
GreatSchools Rating

Lawrence North High School

  • Education Level: High
  • # of students: 2,293
  • # of teachers: 109
5
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$521
Property Tax -$234
Property Insurance -$55
HOA -$19
Property Management Fees -$106
CASH FLOW
$246

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.

$149,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$23,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,166

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2453$1,2454$1,2805$1,345
$1,345
RENT COMPS ANALYSIS
  • 4109 Candy Apple Boulevard Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.82
    •  
  • 11043 Waterfield Place Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.79
    •  
  • 3742 East Limberpine Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1995
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.79
    •  
  • 10447 Bellchime Court Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2008
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.84
    •  
  • 4103 Apple Creek Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,633 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,633 Sqft ∙ Built 2013
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Erica Edwards
Century 21 Scheetz
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767481
Last Updated: 02/20/2021
BESbswy