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4636 Falcon Run Way Indianapolis, IN 46254

3 Beds 3 Baths 1,623 sqft Built 2000

$139,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $86.20
  • 3 Days on Market
  • MLS # : 21770877
  • Updated Date : 03/13/2021 at 00:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,623 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Ability Plus

Listing Agent's Description

3 bedroom 2.5 bath with 2 car garage in Pike Township home located in Falcon Run Villages. New appliances, luxury vinyl hardwood flooring and open floor plan. Plenty of space with an added loft on the upper level. Conveniently located in a cul de sac with a privacy fenced in backyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North High School

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $82k168k

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

Neighborhood: North High School

NeighborhoodNIR 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
 

$125,910$153,890$139,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$486
Property Tax -$219
Property Insurance -$58
HOA -$70
Property Management Fees -$106
CASH FLOW
$240

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.

$139,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.7%
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$600k

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$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,824

INVESTMENT

$42,824

Down Payment
$34,975
Rehab Estimate
$5,750
Closing Costs
$2,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,975
Loan Amount $104,925
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$21,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,213

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1803$1,2504$1,2505$1,395
$1,395
RENT COMPS ANALYSIS
  • 4636 Falcon Run Way Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.73
    •  
  • 4957 Lewiston Drive Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1999
    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
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 4650 Falcon Run Way Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1999
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 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
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
PROPERTY LISTING DETAILS
David Hoyt
1.317.445.0910
Re/max Ability Plus
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770877
Last Updated: 03/13/2021
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