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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $130.36
- 3 Days on Market
- MLS # : 21765875
- Updated Date : 02/13/2021 at 12:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
Simplify Real Estate
Listing Agent's Description
Well maintained full brick ranch with bedrooms and 2 full baths in Franklin township. Spacious great room with catherral ceiling ,corner brick fireplace and a dining room/kitchen combo and fully large fenced backyard!Please schedule to see!
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: I65-South Emerson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: I65-South Emerson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$625 |
| Property Tax | -$281 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$110 | |
|
CASH FLOW
$150
|
||
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.
$179,900
PROJECTED PRICE
$1,220
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.45% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$625
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
6.58
YEARS SAVED
$14,512
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,221
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4637 Citation Circle Indianapolis, IN 3
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,220
- $0.88
-
5155 Brouse Court Indianapolis, IN 1
- 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,000
- $0.93
-
5439 Durango Court Indianapolis, IN 2
- 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1979
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,165
- $0.86
-
5801 Somers Drive Indianapolis, IN 4
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1974
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,245
- $0.83
-
5904 Beau Jardin Drive Indianapolis, IN 5
- 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 1989
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
PROPERTY LISTING DETAILS
Simplify Real Estate
