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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $82.05
- 4 Days on Market
- MLS # : 21763205
- Updated Date : 01/30/2021 at 05:57
CONSTRUCTION
- Beds : 3
- Floor Size : 2,864 sqft
- Baths : 3 full
Listing Agent
Trueblood Real Estate
Listing Agent's Description
You don't see a Washington Township ranch w/ finished basement at this price very often! This home has a nice sized BR and full bath on main level in addition to a sprawling master suite w/ shower, tub & dbl sinks. Basement has option for 3rd bedroom (no egress window) as well as half bath. Kitchen updated with SS appliances. Formal dining room with hardwood flrs. Spacious LR features fireplace.Basement is finished with vinyl plank floors, a family room, bonus area, office and potential bedroom. From main level, walk out onto the deck with hot tub overlooking the fenced backyard. Updates: driveway sealed 2020, chimney swept 2020, refrigerator 2020, vinyl plank floor in basement 2019. Bring your clients to take a look today!
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
Neighborhood: Eastwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$419 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$137 | |
|
CASH FLOW
$66
|
||
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.
$235,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.92% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.73% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
3.83
YEARS SAVED
$8,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.53
LIST RENT PER SQFT
-
$1,766
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
-
4122 Vera Drive Indianapolis, IN 3
- 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $1,520
- $0.53
-
4515 Staughton Drive Indianapolis, IN 1
- 3 beds 2 baths ∙ 2,938 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,938 Sqft ∙ Built 1954
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,200
- $0.41
-
6477 North Parker Avenue Indianapolis, IN 2
- 3 beds 2 baths ∙ 2,614 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,614 Sqft ∙ Built 1958
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,400
- $0.54
-
4630 Cranbrook Drive Indianapolis, IN 4
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1969
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,500
- $0.90
PROPERTY LISTING DETAILS
Trueblood Real Estate
