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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $90.05
- 2 Days on Market
- MLS # : 21757105
- Updated Date : 12/12/2020 at 11:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,110 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Home
Listing Agent's Description
Here's a great find in Lawrence Township - a four bedroom home with immediate possession. Super cute kitchen with backsplash and tons of natural light opens to large living room with wood burning fireplace. A formal dining room could be converted to an at home office or study area. Large owner's bedroom features vaulted ceilings, built in shelves and spacious en-suite with walk in closet. Laundry upstairs for added convenience. Great location, just north of Winding Ridge Golf Course. Easy access to shopping, dining, and entertainment. With a community pool, playground and tennis, this home checks a lot of boxes!
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: Winding Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winding Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$296 | |
| Property Insurance | -$68 | |
| HOA | -$27 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
$273
|
||
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.
$190,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.92% |
| Appreciation Year (1-5) | 4.8% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,100
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
9.92
YEARS SAVED
$32,667
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,466
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
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- Rent
- Rent Per SQFT
- $1,500
- $0.71
-
11527 Congressional Lane Indianapolis, IN 1
- 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2001
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,365
- $0.70
-
11540 High Grass Drive Indianapolis, IN 2
- 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2007
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,495
- $0.71
-
4915 Birmingham Drive Indianapolis, IN 4
- 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2005
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,545
- $0.68
-
11722 Hamble Drive Indianapolis, IN 5
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,600
- $0.69
PROPERTY LISTING DETAILS
Berkshire Hathaway Home
