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4826 West 71st Street Indianapolis, IN 46268

3 Beds 1 Baths 1,445 sqft Built 1940

$125,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $86.51
  • 7 Days on Market
  • MLS # : 21767688
  • Updated Date : 02/27/2021 at 21:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,445 sqft
  • Baths : 1 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This wonderful 1445 sqft home in the historic section of the New Augusta area awaits its next owner. The home features 3 bedrooms and 1 bathroom with beautiful hardwood flooring on the main level. The bathroom has modern finishes along with tile flooring. In the kitchen, there is a new backsplash which pairs wonderfully with the modern appliances. Adjacent the dining room, the living room features built-in hardwood shelving on the west wall and plenty of natural light. Laundry appliances are located in the attached 1-car garage. The home has a new roof as of September 2020 which features a 13 year warranty. Outdoors, the spacious side yard includes a recently installed fence which matches the historic nature of the home.

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PRICE & RENT TRENDS

Neighborhood: New Augusta

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160kPrice in $80k168k

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

Neighborhood: New Augusta

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
 

$112,500$137,500$125,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$434
Property Tax -$196
Property Insurance -$55
Property Management Fees -$100
CASH FLOW
$325

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.

$125,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.1%
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

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$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$38,875

INVESTMENT

$38,875

Down Payment
$31,250
Rehab Estimate
$5,750
Closing Costs
$1,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$434

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $31,250
Loan Amount $93,750
See What Happens When You Reinvest Cash Flow

14.17

YEARS SAVED

$29,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,2353$1,395
$1,395
RENT COMPS ANALYSIS
  • 4826 West 71st Street Indianapolis, IN 1
    • 3 beds 1 baths ∙ 1,445 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,445 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.77
    •  
  • 3815 West 80th Street Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1956
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.71
    •  
  • 7030 North Pershing Road Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1955
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
PROPERTY LISTING DETAILS
Marcia Souers
1.317.345.5337
Exp Realty, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767688
Last Updated: 02/27/2021
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