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4226 Zachary Lane Westfield, IN 46062

4 Beds 3 Baths 2,442 sqft Built 2010

$299,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $122.81
  • 5 Days on Market
  • MLS # : 21769255
  • Updated Date : 03/03/2021 at 14:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,442 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Beautiful 4 Bedroom, 2.5 bath home in Andover. Kitchen is complete with backsplash, granite counter tops, stainless steel appliances breakfast bar, pantry & newly painted white cabinets! Family room is large & open to the dining area/kitchen with gas fireplace! Master suite has vaulted ceilings, double sinks, garden tub, separate shower w/ large walk-in closet! All bedrooms upstairs w/ loft and upstairs laundry room. Dining/kitchen room looks out over patio, fenced backyard, firepit & playset, perfect yard for entertaining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andover

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k295k

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

Neighborhood: Andover

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Washington Woods Elementary School Primary Regular 391 20 6
Westfield Middle School Middle Regular 1,042 48 7
Westfield High School High Regular 1,934 95 8

Washington Woods Elementary School

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 20
6
GreatSchools Rating

Westfield Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 48
7
GreatSchools Rating

Westfield High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 95
8
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,042
Property Tax -$461
Property Insurance -$74
HOA -$33
Property Management Fees -$191
CASH FLOW
$320

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.

$299,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$32,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,613

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1203$3,495
$3,495
RENT COMPS ANALYSIS
  • 4226 Zachary Lane Westfield, IN 2
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.87
    •  
  • 5368 Bruce Boulevard Noblesville, IN 1
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2003
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 1726 Emerald Pines Lane Westfield, IN 3
    • 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 1997
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.35
    •  
PROPERTY LISTING DETAILS
Kurt Spoerle
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769255
Last Updated: 03/03/2021
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