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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $83.79
- 3 Days on Market
- MLS # : 21769851
- Updated Date : 03/06/2021 at 13:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,387 sqft
- Baths : 1 full , 1 half
Listing Agent
Indy House And Home
Listing Agent's Description
OPEN HOUSE SUNDAY 12-3. Beautiful 3 bedroom/1.5 bath RANCH home in the heart of Center Grove near schools, shopping, dining, yet tucked away on a quiet street. This home has lots of room with a finished walk out basement that includes a family room, office, exercise room and a bar. There is the added bonus of a sun room with lots of storage beneath and a large deck that overlooks a huge fenced back yard with a 10X10 mini barn for additional storage and an existing cement pad for a garage. NEW furnace, A/C and hot water heater in 2018. THIS HOME IS A MUST SEE! DON'T MISS OUT.
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PRICE & RENT TRENDS
Zip Code: 46143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$226 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$118 | |
|
CASH FLOW
$199
|
||
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.
$200,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
8.08
YEARS SAVED
$21,644
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.55
LIST RENT PER SQFT
-
$1,504
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
4679 Old Smith Valley Road Road Greenwood, IN 1
- 3 beds 2 baths ∙ 2,387 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,387 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $1,310
- $0.55
-
2929 Hornaday Drive Greenwood, IN 2
- 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1972
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,375
- $0.63
PROPERTY LISTING DETAILS
1.317.800.9367
Indy House And Home
MLS #: 21769851
Last Updated: 03/06/2021
