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4679 Old Smith Valley Road Road Greenwood, IN 46143

3 Beds 2 Baths 2,387 sqft Built 1962

$200,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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.

SEE MORE

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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

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

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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

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
$1,310
1$1,3102$1,375
$1,375
RENT COMPS ANALYSIS
  • 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
Devina Cagle
1.317.800.9367
Indy House And Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769851
Last Updated: 03/06/2021
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