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4338 Kenmore Road Indianapolis, IN 46226

4 Beds 2 Baths 1,300 sqft Built 1959

$79,000

List Price

$930

$837 - $1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $56k168k

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

Neighborhood: Devington

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2650700750800850900950100010501100115012001250Rent in $6411268

* 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
Arlington Middle School Middle Unknown NA
Arlington Middle School Middle Unknown NA

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$71,100$86,900$79,000

PURCHASE PRICE

$837$1,023$930

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$50k$100k$150k$200k$250k$300k$350k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$26,685

INVESTMENT

$26,685

Down Payment
$19,750
Rehab Estimate
$5,750
Closing Costs
$1,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$274

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $19,750
Loan Amount $59,250
See What Happens When You Reinvest Cash Flow

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
$825
1$8252$8753$9304$1,0005$1,050
$1,050
RENT COMPS ANALYSIS
  • 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
Evona Watson
1.317.210.3636
Triple E Realty, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768601
Last Updated: 02/26/2021
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