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4751 Stardust Circle Plainfield, IN 46168

3 Beds 2 Baths 1,710 sqft Built 2016

$240,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $140.35
  • 2 Days on Market
  • MLS # : 21756205
  • Updated Date : 12/12/2020 at 09:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Priority Realty Group

Listing Agent's Description

You'll feel right at home in this quiet neighborhood on the west side of Plainfield. Three-bedrooms, two-baths, open concept kitchen/living room, large laundry room, and a two-car garage. Large backyard with a deck and covered patio area perfect for entertaining! Come check out this home today with desirable Plainfield schools!

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

Zip Code: 46168

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46168

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401551

* 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
Clarks Creek Elementary School Primary Regular 778 37 8
Plainfield Community Middle School Middle Regular 1,277 61 9
Plainfield High School High Regular 1,566 70 8

Clarks Creek Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 37
8
GreatSchools Rating

Plainfield Community Middle School

  • Education Level: Middle
  • # of students: 1,277
  • # of teachers: 61
9
GreatSchools Rating

Plainfield High School

  • Education Level: High
  • # of students: 1,566
  • # of teachers: 70
8
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$886
Property Tax -$332
Property Insurance -$60
HOA -$23
Property Management Fees -$131
CASH FLOW
$19

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.

$240,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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-$2.0k$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,295

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,2954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 4751 Stardust Circle Plainfield, IN 5
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 5971 Redcliff South Lane Plainfield, IN 1
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1998
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 4545 Connaught East Drive Plainfield, IN 2
    • 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 6578 Largo Lane Plainfield, IN 3
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 4123 Cheltonham Court Plainfield, IN 4
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2005
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Chris Ferguson
Priority Realty Group
BESbswy