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5294 Skyline Lane Greenwood, IN 46143

3 Beds 3 Baths 2,096 sqft Built 1978

$244,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $116.84
  • 4 Days on Market
  • MLS # : 21767421
  • Updated Date : 02/27/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,096 sqft
  • Baths : 3 full
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

Sundrenched, 3 BD/3 BA home on a quiet court in heart of CG w/ no HOA & 1/2 acre lot. Updates include roof (2018), gutters w/ leaf guards (2018), whole house windows (2019), heat pump/ HVAC (2020), mini barn w/ electricity (2018), & an add'l 12x24 garage w/ electricity (2020). Solid surface counters & Tarkett flooring in kitchen. Downstairs family room a possible 4th BD. Just minutes from amenities of the area & a park like setting, this home is the perfect fit.

SEE MORE

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
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$851
Property Tax -$276
Property Insurance -$68
Property Management Fees -$136
CASH FLOW
$180

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.

$244,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$20,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5103$1,6254$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 5294 Skyline Lane Greenwood, IN 2
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.72
    •  
  • 4663 Welton Street Greenwood, IN 1
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1998
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 4845 Oakton Way Greenwood, IN 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1995
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.68
    •  
  • 4253 Blue Spruce Court Greenwood, IN 4
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1997
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 4854 Oakleigh Parkway Greenwood, IN 5
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1998
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
PROPERTY LISTING DETAILS
Anne Rhinehart
Carpenter, Realtors®
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767421
Last Updated: 02/27/2021
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