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444 San Marcos Drive Greenwood, IN 46142

3 Beds 2 Baths 1,560 sqft Built 1977

$224,933

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $144.19
  • 7 Days on Market
  • MLS # : 21757215
  • Updated Date : 12/16/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Beautiful custom ranch over 1/2 acre, fenced yard with pool. Huge attached garage with storage. Fireplace, hardwoods, master suite. Perfect location. Center Grove schools. 3 beds, 2 baths. New furnace, water heater, newer roof. Lots of privacy but close to everything! Come see this awesome home!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 46142

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46142

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401551

* 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
Pleasant Grove Elementary School Primary Regular 571 28 7
Center Grove Middle School North Middle Regular 884 50 7
Center Grove High School High Regular 2,455 112 9

Pleasant Grove Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 28
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
 

$202,440$247,426$224,933

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$830
Property Tax -$254
Property Insurance -$57
Property Management Fees -$118
CASH FLOW
$51

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.

$224,933

PROJECTED PRICE

$1,310

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,357

INVESTMENT

$65,357

Down Payment
$56,233
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,233
Loan Amount $168,700
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,092

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,1953$1,3104$1,360
$1,360
RENT COMPS ANALYSIS
  • 444 San Marcos Drive Greenwood, IN 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.84
    •  
  • 1210 Gulf Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.67
    •  
  • 3880 West Smith Valley Road Greenwood, IN 2
    • 4 beds 1 baths ∙ 1,675 Sqft ∙ Built 1958 4 beds 1 baths ∙ 1,675 Sqft ∙ Built 1958
    property image
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.71
    •  
  • 323 Hillendale Drive Greenwood, IN 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1973
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.72
    •  
PROPERTY LISTING DETAILS
Tony Coykendall
F.c. Tucker Company
BESbswy