Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5503 Orth Court Indianapolis, IN 46221

3 Beds 2 Baths 1,401 sqft Built 1996

$165,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $117.77
  • 3 Days on Market
  • MLS # : 21763863
  • Updated Date : 01/30/2021 at 12:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,401 sqft
  • Baths : 2 full
Listing Agent

Re/max Advanced Realty

Listing Agent's Description

Very well maintained 3 bedroom, 2 full bath ranch home on desirable cul-de-sac lot! This home rests on a large lot and offers fantastic space inside! Kitchen offers stainless steel appliances and a movable center island that are included. The large great room features high cathedral ceilings! Master suite offers a walk-in closet, plant shelves, vanity with a new top and full tub. 2 additional bedrooms with a full bath and additional office space (currently used as storage) complete the space! Washer/dryer hook up also in the garage if you want to use the current space as a pantry. Enjoy peaceful evenings on the patio! Simply Safe alarm system included (still in the box not installed). Don't miss out!

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: Valley Mills

NeighborhoodNIR Market*CityMarket2010Year20002019100k105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $98k168k

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

Neighborhood: Valley Mills

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2750800850900950100010501100115012001250Rent in $7301270

* 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
Decatur Middle School Middle Regular 952 52 3
Decatur Central High School High Regular 1,690 86 3

Decatur Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 52
3
GreatSchools Rating

Decatur Central High School

  • Education Level: High
  • # of students: 1,690
  • # of teachers: 86
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$573
Property Tax -$295
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$279

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.

$165,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$28,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2953$1,3204$1,3255$1,395
$1,395
RENT COMPS ANALYSIS
  • 5503 Orth Court Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.94
    •  
  • 5630 Sweet River Dr Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 5552 Dollar Run Lane Indianapolis, IN 2
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 2007
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 5420 Powder River Court Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.03
    •  
  • 5570 Dollar Forge Drive Indianapolis, IN 5
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2003
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Angela Young
Re/max Advanced Realty
BESbswy