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5425 North Allisonville Road Indianapolis, IN 46220

3 Beds 2 Baths 2,400 sqft Built 1951

$224,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $93.71
  • 24 Days on Market
  • MLS # : 21748349
  • Updated Date : 11/13/2020 at 15:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,400 sqft
  • Baths : 1 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Perfect. That's the best way to describe this impeccably updated 3 bed 1.5 bath ranch home. The covered front porch greets you as you approach the home. Once inside gleaming hardwoods shine. A large living room opens up from the foyer featuring a wood burning fireplace. A separate dining room leads you to the brand-new kitchen complete with new SS appliances. The split floor plan offers a large master bed w/ attached 1/2 bath. Two nice size guest beds share an updated hall bath. Large unfinished basement is perfect for storage or ready to be finished. The circular floor plan of this home is great for exterior entertaining with three entrances to a courtyard space. Minutes to downtown and shopping, this is a must see!

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: Millersville

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $104k205k

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

Neighborhood: Millersville

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q295010001050110011501200125013001350Rent in $9211390

* 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
John Strange Elementary School Primary Regular 633 29 7
Eastwood Middle School Middle Regular 835 47 4
North Central High School High Regular 3,518 182 7

John Strange Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 29
7
GreatSchools Rating

Eastwood Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 47
4
GreatSchools Rating

North Central High School

  • Education Level: High
  • # of students: 3,518
  • # of teachers: 182
7
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$830
Property Tax -$401
Property Insurance -$73
Property Management Fees -$139
CASH FLOW
$97

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.

$224,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.5%
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$500k$600k$700k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$13,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,7003$1,7004$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 5425 North Allisonville Road Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1951 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.64
    •  
  • 5735 Crittenden Avenue Indianapolis, IN 2
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1950 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1950
    property image
    LEASED 04/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 5845 Brouse Avenue Indianapolis, IN 3
    • 3 beds 2 baths ∙ 2,502 Sqft ∙ Built 1948 3 beds 2 baths ∙ 2,502 Sqft ∙ Built 1948
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 2614 East 57th Street Indianapolis, IN 4
    • 3 beds 2 baths ∙ 2,454 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,454 Sqft ∙ Built 1952
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.70
    •  
  • 5655 North Parker Avenue Indianapolis, IN 5
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1954
    property image
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Russ Lawrence
F.c. Tucker Company
BESbswy