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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $60.77
- 3 Days on Market
- MLS # : 21768601
- Updated Date : 02/26/2021 at 19:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Triple E Realty, Llc
Listing Agent's Description
Perfect opportunity for an investor or a buyer with the vision to make this home their very own. Spacious 4 bedroom, 2 full baths brick ranch home is a fixer upper in Lawrence Township. Home needs some TLC. Home is being sold AS IS.
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PRICE & RENT TRENDS
Neighborhood: Devington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Devington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $930 |
| EXPENSES | Loan Payment | -$274 |
| Property Tax | -$152 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$84 | |
|
CASH FLOW
$367
|
||
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.
$79,000
PROJECTED PRICE
$930
PROJECTED RENT
1.18%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 1.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.45% |
| 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
$26,685
LOAN DETAILS
$274
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $19,750 |
| Loan Amount | $59,250 |
18.42
YEARS SAVED
$24,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$930
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$995
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4338 Kenmore Road Indianapolis, IN 3
- 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $930
- $0.72
-
4002 North Edmondson Ave Indianapolis, IN 1
- 4 beds 1 baths ∙ 1,120 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,120 Sqft ∙ Built 1954
LEASED 09/17/20- Rent
- Rent Per SQFT
- $825
- $0.74
-
5426 East 41st Street Indianapolis, IN 2
- 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1956
LEASED 04/06/20- Rent
- Rent Per SQFT
- $875
- $0.76
-
7103 East 45th Street Lawrence, IN 4
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1956
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,000
- $0.77
-
6161 Meadowlark Drive Indianapolis, IN 5
- 4 beds 1 baths ∙ 1,328 Sqft ∙ Built 1958 4 beds 1 baths ∙ 1,328 Sqft ∙ Built 1958
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,050
- $0.79
PROPERTY LISTING DETAILS
1.317.210.3636
Triple E Realty, Llc
MLS #: 21768601
Last Updated: 02/26/2021
