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5424 South Missouri Street Indianapolis, IN 46217

3 Beds 2 Baths 1,125 sqft Built 1984

$147,900

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $131.47
  • 4 Days on Market
  • MLS # : 21753109
  • Updated Date : 11/19/2020 at 11:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,125 sqft
  • Baths : 1 full , 1 half
Listing Agent

Lian Realty Llc

Listing Agent's Description

3 bedrooms, 2 full baths in a secluded quiet neighborhood next to school. Deck updated in 2020, master Bedroom carpet updated in 2017, 2 bedrooms laminate floor updated in 2017, bathroom floor updated in 2020.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southdale

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Southdale

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7441270

* 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
Abraham Lincoln Elementary School Primary Regular 858 41 4
Perry Meridian 6th Grade Academy Middle Regular 569 36 6
Perry Meridian High School High Regular 2,256 110 6

Abraham Lincoln Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 41
4
GreatSchools Rating

Perry Meridian 6th Grade Academy

  • Education Level: Middle
  • # of students: 569
  • # of teachers: 36
6
GreatSchools Rating

Perry Meridian High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 110
6
GreatSchools Rating
 

$133,110$162,690$147,900

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$546
Property Tax -$300
Property Insurance -$49
Property Management Fees -$97
CASH FLOW
$88

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.

$147,900

PROJECTED PRICE

$1,080

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

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$44,944

INVESTMENT

$44,944

Down Payment
$36,975
Rehab Estimate
$5,750
Closing Costs
$2,219

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,975
Loan Amount $110,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$9,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $984

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,1953$1,200
$1,200
RENT COMPS ANALYSIS
  • 5424 South Missouri Street Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.96
    •  
  • 7206 Barnwell Place Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 2001
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.89
    •  
  • 51 Village Green Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,392 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,392 Sqft ∙ Built 2001
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
PROPERTY LISTING DETAILS
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Lian Realty Llc
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