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5142 Aspen Talon Court Indianapolis, IN 46254

3 Beds 3 Baths 1,255 sqft Built 1992

INVESTimate

$165,000

List Price

$1,250

$1,125 - $1,375

Rent Est.

$172,474  ( +4.53%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $131.47
  • 2 Days on Market
  • MLS # : 21734071
  • Updated Date : 08/25/2020 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,255 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Ability Plus

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

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300135014001450Rent in $9211483

* 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
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

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$100k$200k$300k$400k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$609
Property Tax -$259
Property Insurance -$51
HOA -$13
Property Management Fees -$113
CASH FLOW
$205

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.

$165,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.53%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$24,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,070

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,1953$1,2504$1,2505$1,265
$1,265
RENT COMPS ANALYSIS
  • 5142 Aspen Talon Court Indianapolis, 4
    • 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 4622 Owls Nest Place Indianapolis, 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1994
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.86
    •  
  • 6701 Ossington Drive Indianapolis, 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 6744 Stanhope Drive Indianapolis, 3
    • 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1996
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 5144 Stanhope Lane Indianapolis, 5
    • 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1996
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jayne Gauci
Re/max Ability Plus
BESbswy