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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $125.50
- 3 Days on Market
- MLS # : 21760775
- Updated Date : 01/16/2021 at 12:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,745 sqft
- Baths : 2 full , 1 half
Listing Agent
F.c. Tucker Company
Listing Agent's Description
Great 3 bedroom, 2.5 bathroom with loft in Countryside! New roof 2018, Water softener 2018, dishwasher 2018, new dryer 2018, new refrigerator in 2018, new tile floor in kitchen, laundry room, dining room & half bathroom! Refrigerator 2016, new water heater (2021) and laminate flooring 2015. New paint throughout. Kitchen with 42" cabinets over looks the dining room and family room! Family room has a wood burning fireplace. Master bedroom has cathedral ceiling, walk in closet and a ceiling fan. Master bathroom has dual sinks! Countryside has a pool, club house, walking trails, basketball & tennis courts, and much more! Just minutes from restaurants, shopping & everything downtown Westfield has to offer!
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: Countryside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Countryside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$761 |
| Property Tax | -$339 | |
| Property Insurance | -$61 | |
| HOA | -$42 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
$126
|
||
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.
$219,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.9% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,785
LOAN DETAILS
$761
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,750 |
| Loan Amount | $164,250 |
5.33
YEARS SAVED
$12,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,562
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
418 Vernon Place Westfield, IN 4
- 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,460
- $0.84
-
429 East Pine Ridge Drive Westfield, IN 1
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1997
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,375
- $0.98
-
16608 Brownstone Court Westfield, IN 2
- 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 2003
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,375
- $0.80
-
16967 Southall Drive Westfield, IN 3
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2007
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,425
- $0.95
-
941 Warrington Avenue Westfield, IN 5
- 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2007
LEASED 12/26/19- Rent
- Rent Per SQFT
- $1,650
- $0.85
PROPERTY LISTING DETAILS
F.c. Tucker Company
