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4920 Haynes Avenue Indianapolis, IN 46250

4 Beds 3 Baths 2,213 sqft Built 1966

$325,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $146.86
  • 3 Days on Market
  • MLS # : 21755944
  • Updated Date : 12/04/2020 at 17:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,213 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Charming and meticulously maintained 4 bed home in popular Steinmeier! Cozy eat-in kitchen with upgraded QUARTZ counters, wine fridge & black stainless steel appliances. Features wood-burning burning fireplace, original HARDWOODS, spacious rooms, and tankless water heater. Master Bed Suite features walk-in closet. BEAUTIFUL fully fenced backyard is perfect for entertaining w/MATURE trees & landscaping, TREX deck and new screened porch. New carpet in Family Room & upstairs. Washington Twp. Schools. Close to everything! You could be part of this fun and social neighborhood!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Steinmeier Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k296k

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

Neighborhood: Steinmeier Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q210001100120013001400150016001700180019002000Rent in $9212056

* 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
Allisonville Elementary School Primary Regular 772 33 6
Eastwood Middle School Middle Regular 835 47 4
North Central High School High Regular 3,518 182 7

Allisonville Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 33
6
GreatSchools Rating

Eastwood Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 47
4
GreatSchools Rating

North Central High School

  • Education Level: High
  • # of students: 3,518
  • # of teachers: 182
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,199
Property Tax -$580
Property Insurance -$70
Property Management Fees -$203
CASH FLOW
$208

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.

$325,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,260
$2,260
RENT COMPS ANALYSIS
  • 4920 Haynes Avenue Indianapolis, IN 2
    • 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.02
    •  
  • 7353 Johnson Road Indianapolis, IN 1
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1972
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.02
    •  
PROPERTY LISTING DETAILS
Christy Brinkruff
Keller Williams Indy Metro Ne
BESbswy