Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4969 Pearcrest Circle Greenwood, IN 46143

4 Beds 3 Baths 2,396 sqft Built 1995

INVESTimate

$268,000

List Price

$1,690

$1,521 - $1,859

Rent Est.

$280,730  ( +4.75%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $111.85
  • 6 Days on Market
  • MLS # : 21731557
  • Updated Date : 08/21/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,396 sqft
  • Baths : 2 full , 1 half
Listing Agent

Duke Homes Realty, Inc

Listing Agent's Description

Spacious 4 bedroom 2.5 bath family home on a cut-de-sac in Center Grove. Two large living spaces -- Living room and Family room with small office/play area, gives everyone room to breathe. Breakfast room, formal dining room, vaulted ceilings and plenty of natural light make this home extra special. Open floor plan with wood burning fireplace in the family room. Master suite features vaulted ceilings, double sinks, garden tub and separate shower. Attached 3-car garage. New high efficiency furnace. Beautiful park like backyard with mature trees, gardens and fire pit area. Perfect home for the whole family and to entertain guests.

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: 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
Center Grove Elementary School Primary Regular 759 33 6
Center Grove Middle School Central Middle Regular 979 48 9
Center Grove High School High Regular 2,455 112 9

Center Grove Elementary School

  • Education Level: Primary
  • # of students: 759
  • # of teachers: 33
6
GreatSchools Rating

Center Grove Middle School Central

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 48
9
GreatSchools Rating

Center Grove High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 112
9
GreatSchools Rating
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$989
Property Tax -$300
Property Insurance -$73
HOA -$23
Property Management Fees -$152
CASH FLOW
$152

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.

$268,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.75%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6903$1,6954$1,710
$1,710
RENT COMPS ANALYSIS
  • 4969 Pearcrest Circle Greenwood, 2
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.71
    •  
  • 4845 Oakton Way Greenwood, 1
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1995
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.68
    •  
  • 1580 Windswept Drive Greenwood, 3
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2012
    property image
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
  • 6338 Clary Lane Greenwood, 4
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.72
    •  
PROPERTY LISTING DETAILS
Jacob Duke
Duke Homes Realty, Inc
BESbswy