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5162 La Fleur Way Indianapolis, IN 46237

3 Beds 2 Baths 1,064 sqft Built 1987

$139,500

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $131.11
  • 2 Days on Market
  • MLS # : 21771167
  • Updated Date : 03/13/2021 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 1 full , 1 half
Listing Agent

Esquire Real Estate Group Llc

Listing Agent's Description

UPDATED 3 bed 1 1/2 bath home offers large CORNER LOT in Franklin township!! Recent updates include: new laminate flooring, new carpet and new light fixtures. Nice covered porch and fenced in yard make this home extra special. All appliances stay with home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: I65-South Emerson

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: I65-South Emerson

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
Franklin Central High School High Regular 2,503 110 9

Franklin Central High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 110
9
GreatSchools Rating
 

$125,550$153,450$139,500

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$485
Property Tax -$218
Property Insurance -$48
Property Management Fees -$93
CASH FLOW
$187

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.

$139,500

PROJECTED PRICE

$1,030

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.2%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,718

INVESTMENT

$42,718

Down Payment
$34,875
Rehab Estimate
$5,750
Closing Costs
$2,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$485

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,875
Loan Amount $104,625
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$18,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,027

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$1,0003$1,0304$1,0305$1,225
$1,225
RENT COMPS ANALYSIS
  • 5162 La Fleur Way Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.97
    •  
  • 5429 Pecos Court Indianapolis, IN 1
    • 3 beds 1 baths ∙ 912 Sqft ∙ Built 1981 3 beds 1 baths ∙ 912 Sqft ∙ Built 1981
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.98
    •  
  • 5155 Brouse Court Indianapolis, IN 2
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.93
    •  
  • 5079 Laredo Street Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.97
    •  
  • 5043 Grand Tetons Drive Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1998
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jennifer Snider
Esquire Real Estate Group Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771167
Last Updated: 03/13/2021
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