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5724 North Oxford St Indianapolis, IN 46220

3 Beds 2 Baths 2,596 sqft Built 1952

$245,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $94.38
  • 4 Days on Market
  • MLS # : 21770097
  • Updated Date : 03/11/2021 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,596 sqft
  • Baths : 1 full , 1 half
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Beautifully updated ranch with so much natural light in very popular Brockton! MAJOR updates including a new roof in 2017 and a new sewer line in 2019! Other updates: remodeled kitchen 2019, full bath remodel 2021, new HVAC 2018, new interior doors and hardware 2020, new walkway and planters 2020, windows replaced in 2014. Fabulous Glendale location - this will not last long!!!

SEE MORE

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$851
Property Tax -$455
Property Insurance -$77
Property Management Fees -$146
CASH FLOW
$91

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.

$245,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.66%

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$10,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7003$1,7254$1,750
$1,750
RENT COMPS ANALYSIS
  • 5724 North Oxford St Indianapolis, IN 1
    • 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.62
    •  
  • 5845 Brouse Avenue Indianapolis, IN 2
    • 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 3
    • 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
    •  
  • 5909 Guilford Indianapolis, IN 4
    • 3 beds 4 baths ∙ 2,508 Sqft ∙ Built 1937 3 beds 4 baths ∙ 2,508 Sqft ∙ Built 1937
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
PROPERTY LISTING DETAILS
Karissa Sterling
1.317.509.9925
Berkshire Hathaway Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770097
Last Updated: 03/11/2021
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