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4454 Fullwood Court Indianapolis, IN 46254

3 Beds 3 Baths 1,536 sqft Built 1999

$149,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $97.59
  • 3 Days on Market
  • MLS # : 21756746
  • Updated Date : 12/11/2020 at 17:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full , 1 half
Listing Agent

Indiana Property Real Estate

Listing Agent's Description

Great Investment Property in Moller Village. it is very close to Interstate, IUPUI, Marian University and Butler University. It is great for first time Buyer's and Owner's living as well. House has 3 Bedroom 2.5 Bathroom along with Loft upstairs. 2 Car Garage and Fence Backyard. There is open space in front of the house, open area. House is sold as is. Seller is not making any repairs. There is none defect known per seller. There is no tax exemption filled. Taxes will be reduced when new owner files exemptions.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 46254

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Zip Code: 46254

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2800850900950100010501100115012001250Rent in $7941268

* 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
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$553
Property Tax -$235
Property Insurance -$57
Property Management Fees -$105
CASH FLOW
$220

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.

$149,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.4%
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$100k$200k$300k$400k$500k

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$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$25,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1703$1,2504$1,3055$1,395
$1,395
RENT COMPS ANALYSIS
  • 4454 Fullwood Court Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.76
    •  
  • 4957 Lewiston Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1999
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.70
    •  
  • 4957 Clarkson Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1998
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 4703 Falcon Run Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1999
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,305
    • $0.80
    •  
  • 5105 Pike Creek Lane Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2000
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
PROPERTY LISTING DETAILS
Muhammad Farooq
1.317.732.7075
Indiana Property Real Estate
BESbswy