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5322 Kidwell Circle Indianapolis, IN 46239

3 Beds 3 Baths 2,240 sqft Built 2003

$205,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $91.52
  • 5 Days on Market
  • MLS # : 21748806
  • Updated Date : 10/30/2020 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,240 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bathroom home in desirable Wildcat Run subdivision. The main level of the home has an open floor plan featuring a formal living room that is separated from the family room with a half wall, beautiful kitchen with a breakfast bar, eat-in dining room, walk-in pantry & a sunroom. The large master suite features two walk-in closets, beautiful bathroom with a walk-in shower, separate bath tub & large sink vanity. Each bedroom has a walk-in closet. Laundry on the second floor allows for convenience.

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: Galludet

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$756
Property Tax -$320
Property Insurance -$70
HOA -$28
Property Management Fees -$129
CASH FLOW
$127

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.

$205,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,512

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4853$1,5454$1,5455$1,700
$1,700
RENT COMPS ANALYSIS
  • 5322 Kidwell Circle Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.64
    •  
  • 4711 Plowman Drive Indianapolis, IN 2
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2012
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.68
    •  
  • 5356 Wood Hollow Drive Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 4650 Plowman Drive Indianapolis, IN 4
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2011
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.65
    •  
  • 7140 Dublin Lane Indianapolis, IN 5
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
PROPERTY LISTING DETAILS
Scott A. Smith
1.317.893.1622
Keller Williams Indy Metro S
BESbswy