Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4420 Mahogany Drive Greenwood, IN 46143

4 Beds 2 Baths 1,560 sqft Built 2000

$205,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $131.41
  • 2 Days on Market
  • MLS # : 21769931
  • Updated Date : 03/06/2021 at 20:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Roger Webb Real Estate, Inc

Listing Agent's Description

This Adorable home has so much to offer! Open concept floorplan with vaulted ceilings in Great room and master bedroom. Laminated hardwood floors throughout with ceramic tile in kitchen and bathrooms. Gas fireplace, 4 bedrooms, furnace installed in 2018, 2 car garage, fully fenced backyard, deck and firepit. You do not want to miss this one!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46143

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k222k

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

Zip Code: 46143

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401572

* 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
Sugar Grove Elementary School Primary Regular 684 33 7
Center Grove Middle School North Middle Regular 884 50 7
Center Grove High School High Regular 2,455 112 9

Sugar Grove Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 33
7
GreatSchools Rating

Center Grove Middle School North

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 50
7
GreatSchools Rating

Center Grove High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 112
9
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$712
Property Tax -$231
Property Insurance -$57
HOA -$20
Property Management Fees -$122
CASH FLOW
$208

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.

$205,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$22,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,295

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2953$1,2954$1,350
$1,350
RENT COMPS ANALYSIS
  • 4420 Mahogany Drive Greenwood, IN 4
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 519 Hunting Creek Drive Greenwood, IN 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.82
    •  
  • 4915 Aquaduct Drive Greenwood, IN 2
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1998
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 4642 Welton Street Greenwood, IN 3
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1999
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brooke Wall
Roger Webb Real Estate, Inc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769931
Last Updated: 03/06/2021
BESbswy