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4616 Welton Street Greenwood, IN 46143

4 Beds 3 Baths 2,016 sqft Built 1998

$236,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $117.06
  • 2 Days on Market
  • MLS # : 21764930
  • Updated Date : 02/06/2021 at 14:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,016 sqft
  • Baths : 2 full , 1 half
Listing Agent

Landtree, Realtors®

Listing Agent's Description

Great 4 Bedroom 2 1/2 Bath, 2 Story has family room with fireplace, living room, dining room & sun room. Nice kitchen with all stainless appliances, pantry, dining nook and breakfast bar. Located on the end of a Cul-de-Sac. Big wood deck, fenced rear yard with included play set. Large master bedroom with spacious vaulted ceiling. Good sized 2 Car garage. Covered front porch. Come see this one - Shows well !!

SEE MORE

  • 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)
  • 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)

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
 

$212,400$259,600$236,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$820
Property Tax -$266
Property Insurance -$66
HOA -$18
Property Management Fees -$133
CASH FLOW
$177

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.

$236,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.8%
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$14k

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$68,290

INVESTMENT

$68,290

Down Payment
$59,000
Rehab Estimate
$5,750
Closing Costs
$3,540

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,000
Loan Amount $177,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$20,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,4804$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 4616 Welton Street Greenwood, IN 3
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.73
    •  
  • 4915 Aquaduct Drive Greenwood, IN 1
    • 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
    •  
  • 4671 Driftwood Lane Greenwood, IN 2
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1999
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 4663 Welton Street Greenwood, IN 4
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1998
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 4997 Aquaduct Drive Greenwood, IN 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1997
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Steve Daniely
1.317.888.3331
Landtree, Realtors®
BESbswy