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5642 Dollar Run Lane Indianapolis, IN 46221

4 Beds 2 Baths 1,374 sqft Built 2006

$175,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

$52,125

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.1%
Cash Flow	$2,304
Value Increase	$10,230

10 YEAR

Cash On Cash	0.9%
Total Return	12.0%

PROPERTY INFO

January 29, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2006
Price/Sqft : $127.37
4 Days on Market
MLS # : 21763737
Updated Date : 01/29/2021 at 18:13

CONSTRUCTION

Beds : 4
Floor Size : 1,374 sqft
Baths : 2 full

Listing Agent

Re/max Advanced Realty

Listing Agent's Description

Charming 4-bedroom ranch home in a great neighborhood, close to the interstate and just minutes from downtown and the airport. Split floor plan, master bedroom with on suite bathroom and walk-in closet. 3 guest rooms and guest bath, kitchen has a breakfast bar and an eat in area, along with a dining room. Home has all new window in 2020 and exterior door. New hot water heater, carpet and vinyl plank flooring installed in 2019. All new appliances in 2019. Washer and Dryer is excluded. Multiple offers have been received.

5639 Dollar Run Ln

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)

Neighborhood: Valley Mills

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

Neighborhood: Valley Mills

* 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

GreatSchools Rating

Decatur Central High School

Education Level: High
# of students: 1,690
# of teachers: 86

GreatSchools Rating

FINANCIALS

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$157,500$192,50000$175,000

PURCHASE PRICE

$1,170$1,43000$1,300

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,300
EXPENSES	Loan Payment	-$608
	Property Tax	-$312
	Property Insurance	-$54
	HOA	-$17
	Property Management Fees	-$117



CASH FLOW $192

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.

$175,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.74%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$52,125

Down Payment	$43,750
Rehab Estimate	$5,750
Closing Costs	$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$43,750
Loan Amount	$131,250

See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$18,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,300
LIST RENT
$0.95
LIST RENT PER SQFT

$1,285
COMP ESTIMATED VALUE
$0.94
COMP AVG. RENT PER SQFT

Comps Range

$1,195

1$1,1952$1,2953$1,2954$1,3005$1,395

$1,395

RENT COMPS ANALYSIS

1,374
PROPERTY SQFT
$0.94
AVG RENT PER SQFT
$1,285
ESTIMATED VALUE
$1,300
LIST RENT

5642 Dollar Run Lane Indianapolis, IN 5

4 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006
Price

Price Per SQFT

$175,000

$127.37
5523 Foxtail Court Indianapolis, IN 1

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Price

Price Per SQFT

$148,000

$102.49
5319 Scatterwood Court Indianapolis, IN 2

3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1996
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Price Per SQFT

$159,000

$103.25
5425 Powder River Court Indianapolis, IN 3

3 beds 3 baths ∙ 1,656 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 2003
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Price

Price Per SQFT

$165,000

$99.64
5334 Honey Comb Lane Indianapolis, IN 4

3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1976
SOLD 10/05/20
Price

Price Per SQFT

$169,900

$105.01

5642 Dollar Run Lane Indianapolis, IN 4

4 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 2006
Rent

Rent Per SQFT

$1,300

$0.95
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
6025 Prairie Meadows Drive Indianapolis, IN 3

4 beds 2 baths ∙ 1,377 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 2006
LEASED 10/01/20
Rent

Rent Per SQFT

$1,295

$0.94
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

Dana Wright
Re/max Advanced Realty

5642 Dollar Run Lane Indianapolis, IN 46221

$175,000

$1,300

$52,125

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Decatur Middle School

Decatur Central High School

FINANCIALS

$157,500$192,50000$175,000

$1,170$1,43000$1,300

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$175,000

$1,300

0.74%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$608

7.92

$18,586

$175,000

$127.37

$140,969

$102.6

COMPS RANGE

PRICE COMPS ANALYSIS

$1,300

$0.95

$1,285

$0.94

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS