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INVESTimate
$165,000
List Price
$49,475
REQUEST INFO
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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eagle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
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
INVESTMENT
$49,475
LOAN DETAILS
$609
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $41,250 |
Loan Amount | $123,750 |
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
PROPERTY LISTING DETAILS
Re/max Ability Plus