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460 Lullaby Boulevard Greenfield, IN 46140

4 Beds 2 Baths 1,701 sqft Built 1994

$199,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $117.52
  • 3 Days on Market
  • MLS # : 21765622
  • Updated Date : 02/26/2021 at 12:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,701 sqft
  • Baths : 2 full
Listing Agent

United Real Estate Indpls

Listing Agent's Description

You can own this beautiful open floorplan with vaulted ceilings on a quiet street! And guess what ? NO HOA!!! The roof is only 1 year old, HVAC was installed in 2017 and recently serviced. Duct work recently cleaned as well. Boasting over 1700 sq. ft, this 4/2 is just waiting for your touches to make it your dream home! New siding was installed in 2020. The screened in porch is just waiting for chairs and a grill! All appliances stay. Ok--let's sweeten the pot--they will even spot you a warranty!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46140

ZipNIR Market*CityMarket2010Year20002019120k125k130k135k140k145k150k155k160k165k170k175k180kPrice in $119k180k

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

Zip Code: 46140

ZipNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300Rent in $9251302

* 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
Weston Elementary School Primary Regular 336 19 8
Greenfield Central Junior High School Middle Regular 717 30 6
Greenfield-central High School High Regular 1,439 66 7

Weston Elementary School

  • Education Level: Primary
  • # of students: 336
  • # of teachers: 19
8
GreatSchools Rating

Greenfield Central Junior High School

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 30
6
GreatSchools Rating

Greenfield-central High School

  • Education Level: High
  • # of students: 1,439
  • # of teachers: 66
7
GreatSchools Rating
 

$179,910$219,890$199,900

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 -$694
Property Tax -$278
Property Insurance -$60
Property Management Fees -$122
CASH FLOW
$197

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.

$199,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$21,187

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
  • $0.79

    LIST RENT PER SQFT
  • $1,310

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,3754$1,395
$1,395
RENT COMPS ANALYSIS
  • 460 Lullaby Boulevard Greenfield, IN 2
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 147 Sawdust Trail Greenfield, IN 1
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2007
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.72
    •  
  • 723 Sedgewick Lane Greenfield, IN 3
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.76
    •  
  • 252 Woodstream Court Greenfield, IN 4
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2002
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Shekila Stunz
United Real Estate Indpls
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21765622
Last Updated: 02/26/2021
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