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4456 Everest Drive Westfield, IN 46062

3 Beds 2 Baths 1,840 sqft Built 2013

$270,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $146.74
  • 4 Days on Market
  • MLS # : 21763096
  • Updated Date : 01/30/2021 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Lauck Real Estate Sevices, Llc

Listing Agent's Description

Must see 3bed-2 full bath in Westfield. Nice size yard with stamped concrete patio; great for outdoor entertaining. New upgraded plank vinyl flooring throughout the living/den/kitchen areas. New Quartz counter tops with breakfast bar. New light fixtures. 2 car garage has bump-out for extra storage. Window blinds will stay but the curtains and rods will be excluded. All kitchen appliances and water softener are included. Security system, entry locks, doorbell and Washer/dryer do not convey.

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

Neighborhood: Summit Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k300k

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

Neighborhood: Summit Lakes

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Washington Woods Elementary School Primary Regular 391 20 6
Westfield Middle School Middle Regular 1,042 48 7
Westfield High School High Regular 1,934 95 8

Washington Woods Elementary School

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 20
6
GreatSchools Rating

Westfield Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 48
7
GreatSchools Rating

Westfield High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 95
8
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$938
Property Tax -$415
Property Insurance -$63
HOA -$29
Property Management Fees -$153
CASH FLOW
$102

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.

$270,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6453$1,7004$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 4456 Everest Drive Westfield, IN 3
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 17257 Shadoan Way Westfield, IN 1
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 17830 Sundial Drive Westfield, IN 2
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.97
    •  
  • 4658 Elkhorn Court Westfield, IN 4
    • 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 17068 Bittner Way Noblesville, IN 5
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2004
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jenny Lauck
Lauck Real Estate Sevices, Llc
BESbswy