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

5601 Woodland Trace Boulevard Indianapolis, IN 46237

3 Beds 3 Baths 2,035 sqft Built 2001

$204,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $100.69
  • 3 Days on Market
  • MLS # : 21765198
  • Updated Date : 02/13/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,035 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate Indpls

Listing Agent's Description

Looking for a wonderful updated home in popular Franklin Township that has a community pool and playground? Well, you found it!! This home features a corner lot with fully fenced in back yard, open concept kitchen and living area, as well as 3 bedrooms and a spacious loft. It has many updates including newer flooring and carpeting throughout, new water heater in 2019, and new a/c unit in 2020. Make an offer today, because this home won't be on the market long.

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
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$712
Property Tax -$320
Property Insurance -$66
HOA -$34
Property Management Fees -$122
CASH FLOW
$96

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.

$204,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.66%

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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,521

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,4854$1,5055$1,700
$1,700
RENT COMPS ANALYSIS
  • 5601 Woodland Trace Boulevard Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 5441 Montavia Lane Indianapolis, IN 2
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2001
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 4711 Plowman Drive Indianapolis, IN 3
    • 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
    •  
  • 6815 Amber Springs Way Indianapolis, IN 4
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2002
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.74
    •  
  • 6340 Nightshade Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 2002
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Mahlon "mike" Butler
1.317.538.8774
United Real Estate Indpls
BESbswy